EURCAD has broken the floor of the rising trend, which indicates a weaker initial rising rate. Is moving within a rectangle formation between support at 1.45 and resistance at 1.50. A decisive break through one of these levels indicates the new direction for the currency. The currency has support at points 1.45 and resistance at points 1.49. The currency is overall assessed as technically neutral for the medium long term.
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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.