Published: 2026-03-18T12:03:44.000Z
Chart EUR/CAD Update: Balanced at 1.5800 - further gains to remain limited
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Little change, as prices extend consolidation around congestion resistance at 1.5800
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6000 | ** | congestion | S1 | 1.5700 | * | congestion | |
| R3 | 1.5910 | * | 38.2% ret of Jan-Mar fall | S2 | 1.5600/15 | * | congestion; 9 Mar YTD low | |
| R2 | 1.5850 | minor congestion | S3 | 1.5535 | * | 29 May 25 (w) low | ||
| R1 | 1.5800 | * | congestion | S4 | 1.5475 | ** | 50% ret of 2024-2025 rally |
Asterisk denotes strength
11:25 GMT - Little change, as prices extend consolidation around congestion resistance at 1.5800. Daily stochastics and the daily Tension Indicator are rising, highlighting room for a test above here. However, mixed/negative weekly charts should limit scope in renewed selling interest/consolidation beneath further congestion around 1.5850. Meanwhile, support remains at congestion around 1.5700. A close beneath here will help to stabilise price action. But a further close below congestion around 1.5600 and the 1.5615 current year low of 9 March is needed to turn sentiment negative and confirm continuation of October losses.