Intraday Analysis - Monday, June 15

By David Kindley of Orbex

Leading FX Broker • Jun 15, 2026 at 4:10 AM EDT

USDCAD tests the 1.4000 resistance level as the dollar rally targets 1.4065.

USDCAD testing fresh resistance

USD/CAD chart showing a strong bullish trend as price approaches a key resistance zone after an extended rally.

The American dollar extends the rally as the pair attempts to break above 1.4000.

Price action has moved another 30 pips higher after weeks of upward dominance.
A bullish continuation would be a decisive signal that the greenback could extend towards 1.4065.
1.3915 is the first support in case of hesitation, and 1.3840 is a critical support to maintain an upward bias.

EURJPY remains bullish

EUR/JPY chart highlighting continued upward momentum with price consolidating near a major resistance area.

Improved risk appetite continues to favour the Euro, with the pair gaining over 100 pips in recent sessions against the Yen.

As the pair sticks to a brief consolidation, a hold above 185.50 could force short-term sellers out, leaving the door open to a potential broader extension.
The round number of 186.00 is the next hurdle higher.
On the downside, a move below 185.00 is needed for sellers to test the previous bottom towards 184.20.

Dax index (Ger40) reaching for a peak

Germany 40 chart showing an ongoing uptrend with the index trading near record highs and testing resistance.

The Dax index (Ger40) reached a fresh peak in recent sessions as the index looks to continue higher.

Prices look to remain elevated after hitting a double bottom.
24900 is the next target ahead, although the RSI’s indecisiveness could lead to a reversal if buyers start to close some profits.
24200 is the closest support, and 2400 is the next layer of defence in case of a deeper retreat.

Disclaimer:

Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). Orbex LIMITED is licensed to provide Investment Services (Reception & Transmission, Execution and Dealing on own account) and Ancillary Services.

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, the level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Comments

Back to all articles