Published: 2025-11-26T11:59:46.000Z
Chart EUR/CAD Update: Cautious trade
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Little change, as prices extend cautious trade around congestion resistance at 1.6300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | * | 17 Oct YTD high | S1 | 1.6200 | * | congestion | |
| R3 | 1.6400 | * | break level | S2 | 1.6135~ | ** | 3 Nov (w) low | |
| R2 | 1.6340 | * | 13 Nov (w) high | S3 | 1.6115 | ** | 50% ret of Jul-Oct rally | |
| R1 | 1.6300 | * | congestion | S4 | 1.6100 | * | congestion |
Asterisk denotes strength
11:50 GMT - Little change, as prices extend cautious trade around congestion resistance at 1.6300, following the anticipated test of resistance at the 1.6340 weekly high of 13 November. Intraday studies are under pressure, highlighting room for a minor pullback. But rising daily readings should limit scope in renewed buying interest/consolidation above congestion support at 1.6200. Meanwhile, a break above 1.6340 will improve sentiment and extend November gains towards 1.6400, where mixed/negative weekly charts are expected to prompt fresh selling interest.