Chart EUR/CAD Update: Fresh 2025 year high not sustained
The anticipated test of critical resistance at the 1.6150~ multi-year high of March 2018 has extended to a fresh 2025 year high around 1.6180
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6235 | ** | 76.4% ret of 2008-2012 fall | S1 | 1.6100 | ** | congestion | |
| R3 | 1.6200 | * | historic congestion | S2 | 1.6000 | ** | congestion | |
| R2 | 1.6180 | * | current 2025 (y) high | S3 | 1.5900 | congestion | ||
| R1 | 1.6150~ | ** | Mar 18 (y) high | S4 | 1.5800 | congestion |
Asterisk denotes strength
11:30 BST - The anticipated test of critical resistance at the 1.6150~ multi-year high of March 2018 has extended to a fresh 2025 year high around 1.6180, before falling sharply to congestion support at 1.6100. Intraday studies are negative and overbought daily stochastics are unwinding, highlighting room for continuation beneath here towards further congestion around 1.6000. However, the rising daily Tension Indicator and mixed weekly charts should limit any initial tests in fresh consolidation. Meanwhile, a close above 1.6150 would turn sentiment positive and extend 2022 gains initially to historic congestion around 1.6200.