Published: 2026-04-30T10:35:21.000Z
Chart EUR/CAD Update: Cautious trade
1
Still little change
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6150 | * | congestion | S1 | 1.5965 | ** | 23 Apr (w) low | |
| R3 | 1.6100 | ** | break level | S2 | 1.5935 | ** | 50% ret of Mar-Apr rally | |
| R2 | 1.6022 | * | 2-6 Apr lows | S3 | 1.5900 | congestion | ||
| R1 | 1.6000 | * | break level | S4 | 1.5855 | ** | 61.8% ret of Mar-Apr rally |
Asterisk denotes strength
11:10 BST - Still little change, as prices extend consolidation following the retest below support at the 1.5965 weekly low of 23 April. Oversold daily stochastics are edging higher, suggesting room for a retest of resistance within the 1.6000 - 1.6022 range. But the bearish daily Tension Indicator and mixed/negative weekly charts should limit any break in renewed selling interest beneath resistance at the 1.6100 break level. Meanwhile, support remains at 1.5965 and extends to the 1.5935 Fibonacci retracement. A close beneath here would turn sentiment negative and extend mid-April losses towards the 1.5855 retracement.