Key Support and Resistance Levels in 6C Futures
6C CAD/USD futures respect levels better than most FX contracts. Unlike 6J’s chaos or 6E’s whiplash, CAD levels actually hold because the market is driven by slower macro flows (oil, USD, BoC expectations). If you understand which levels matter and why, you can trade CAD like a sniper instead of guessing.
The Four Most Important Level Types in 6C
1. Prior Day High and Low
These are the most consistently respected levels on the chart. CAD reacts cleanly because institutions trade around them using overnight positioning and oil-driven corrections.
- Break → trend continuation
- Rejection → reversal or range formation
6C is famous for clean retests of prior day levels.
2. Weekly Highs and Lows
CAD tends to run multi-day legs when oil trends or USD shifts direction. Weekly highs and lows act as magnets and strong reaction zones.
3. Major Oil Correlation Levels
When WTI crude (CL) hits a key level, 6C often reacts at the same moment. CAD’s commodity-link is so strong that oil’s support and resistance can predict CAD swings.
4. Canadian and U.S. Data Reaction Levels
Important news spikes form some of the strongest intraday and multi-day levels:
- CPI (US + Canada)
- NFP
- BoC rate decisions
- Oil inventory reports
These levels often become future targets for liquidity grabs.
Structural Levels That Matter in 6C
1. Session Opens
CAD respects the New York and London opens. NY open is especially important because oil and USD both wake up at the same time.
2. Opening Range High/Low
The first 30–60 minutes define the intraday structure. When 6C breaks ORH/ORL with oil confirming, you get reliable trend movement.
3. Swing Highs and Lows on the 1H Chart
Because CAD trends cleanly, 1H swings act as major decision zones for swing traders.
Examples of High-Probability 6C Level Trades
1. Prior Day High Rejection Setup
Bounce at PDH with divergence from oil → strong short setup.
2. Weekly Low Breakdown With Oil Dump
Oil sells off → CAD follows → weekly low breaks → clean continuation.
3. Opening Range Break With USD Trend
USD strengthens after news → 6C breaks ORL → trend all morning.
How to Avoid Fake Levels
Not all lines matter. Here’s what you ignore:
- Random mid-range horizontal lines
- Retail indicator levels
- One-candle spikes with no volume
- Levels formed during dead-liquidity hours
If oil and USD are flat, levels become meaningless chop zones.
Final Thoughts
Support and resistance matter more in 6C than in most FX futures because CAD respects structure, oil correlation, and macro flows. Focus on prior day levels, weekly levels, oil correlation pivots, and major news reaction zones. Trade them with confirmation, not hope.