Published: 2026-06-22T10:51:40.000Z
Chart EUR/CAD Update: Range extension - background studies rising
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Little change, as tests above resistance at the 1.6250~ monthly high of 14 April give way to a pullback into range extension within 1.6200 - 1.6250
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | ** | 17 Oct 2025 (y) high | S1 | 1.6200 | ** | congestion | |
| R3 | 1.6393 | ** | 27 Jan YTD high | S2 | 1.6150 | * | break level | |
| R2 | 1.6300 | ** | congestion | S3 | 1.6100 | ** | break level | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6050 | congestion |
Asterisk denotes strength
11:35 BST - Little change, as tests above resistance at the 1.6250~ monthly high of 14 April give way to a pullback into range extension within 1.6200 - 1.6250. Falling daily stochastics are flattening, suggesting room for fresh consolidation, before the positive daily Tension Indicator and rising weekly charts prompt further gains. A later close above 1.6250 will turn sentiment positive and extend March gains towards congestion around 1.6300. Meanwhile, any immediate tests below congestion support at 1.6200 should give way to consolidation above 1.6150.