Published: 2026-03-24T11:32:15.000Z
Chart EUR/CAD Update: Consolidating recent gains - daily studies rising
3
Little change, as prices extend cautious trade following recent sharp gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6200/10 | ** | congestion; 76.4% ret | S1 | 1.5850 | minor congestion | ||
| R3 | 1.6095/00 | ** | 61.8% ret; break level | S2 | 1.5800 | * | congestion | |
| R2 | 1.6000 | ** | congestion, 50% ret | S3 | 1.5700 | * | congestion | |
| R1 | 1.5960 | 23 Mar high | S4 | 1.5600/15 | * | congestion; 9 Mar YTD low |
Asterisk denotes strength
11:20 GMT - Little change, as prices extend cautious trade following recent sharp gains. Daily readings continue to rise, highlighting room for a later break above the 1.5960 high of 23 March and extension of March gains towards 1.6000. However, already overbought daily stochastics and the negative weekly Tension Indicator should limit any initial tests in renewed consolidation. Meanwhile, support remains at congestion around 1.5850. However, a break below 1.5800 would add weight to sentiment and extend losses towards further congestion around 1.5700.