Published: 2026-01-12T12:09:14.000Z
Chart EUR/CAD Update: Limited tests higher
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Consolidation around congestion support at 1.6150 has given way to a move higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6340 | ** | 13 Nov (m) high | S1 | 1.6150 | * | congestion | |
| R3 | 1.6300 | * | congestion | S2 | 1.6100 | * | congestion | |
| R2 | 1.6250 | break level | S3 | 1.6061/65 | * | 8-31 Dec (m) lows | ||
| R1 | 1.6200 | * | congestion | S4 | 1.6035 | ** | 61.8% ret of Jul-Oct rally |
Asterisk denotes strength
11:50 GMT - Consolidation around congestion support at 1.6150 has given way to a move higher, with prices currently balanced around congestion resistance at 1.6200. Rising intraday studies and the positive daily Tension Indicator highlight room for a break above here towards 1.6250. But a tick lower in overbought daily stochastics and mixed weekly charts are expected to limit any initial tests in consolidation. Meanwhile, support remains at 1.6150, and should underpin any immediate setbacks.