EURCAD is once again testing the legendary multi-year resistance between 1.60 and 1.6150, a zone that has caused at least 5 major rejections since 2014. Each of those led to significant drawdowns — yet this time, price is pressing deeper into it, potentially signaling a macro regime shift if bulls follow through.
Key Technical Observations
Timeframe: 1W
“Multi-Year Supply Zone” or “Overhead Resistance Zone”: 1.60 – 1.6150
Historical Reaction Dates:
🔸 17 Mar 2014
🔸 18 Jan 2016
🔸 19 Mar 2018
🔸 16 Mar 2020
🔸 27 Jul 2020
Current Candle (30 Jun 2025):
Pierced the zone briefly — now hovering just inside
Volume: Noticeable uptick in the last few weeks — interest is real
Structure Below: Strong accumulation base breakout around 1.5280, serving as major support now
TLDR
EURCAD is testing a monster historical supply zone (1.60–1.6150) for the 6th time in 11 years. This could be the breakout that changes the macro trend, but without confirmation, it's still a zone to respect.
Disclaimer
This is for educational purposes only. Not financial advice.
Key Technical Observations
Timeframe: 1W
“Multi-Year Supply Zone” or “Overhead Resistance Zone”: 1.60 – 1.6150
Historical Reaction Dates:
🔸 17 Mar 2014
🔸 18 Jan 2016
🔸 19 Mar 2018
🔸 16 Mar 2020
🔸 27 Jul 2020
Current Candle (30 Jun 2025):
Pierced the zone briefly — now hovering just inside
Volume: Noticeable uptick in the last few weeks — interest is real
Structure Below: Strong accumulation base breakout around 1.5280, serving as major support now
TLDR
EURCAD is testing a monster historical supply zone (1.60–1.6150) for the 6th time in 11 years. This could be the breakout that changes the macro trend, but without confirmation, it's still a zone to respect.
Disclaimer
This is for educational purposes only. Not financial advice.
DKtrades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DKtrades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.