EURCAD Wave Analysis – 26 January, 2023

• EURCAD reversed from pivotal resistance level 1.4595

• Likely to fall to support level 1.4400

EURCAD currency pair recently reversed down from the pivotal resistance level 1.4595 (which stopped the sharp uptrend in the middle of December).

The resistance level 1.4595 was further strengthened by the upper daily Bollinger Band.

EURCAD currency pair can be expected to fall further toward the next support level 1.4400 (which reversed the price sharply earlier this month).