The EURCAD price has concluded its recent bullish rally by surpassing the resistance level at 1.4965. This breakthrough confirms a shift to a bullish trend and has allowed the price to reach 1.4995.
To sustain this upward momentum, the price needs to close positively above 1.4965. If this condition is met, further gains are anticipated, with the next targets set at 1.5040 and subsequently at 1.5070.
The expected trading range for today is between 1.4970 for support and 1.5040 for resistance.
Trend Forecast: Bullish
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