Categories: Technical analysis

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).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: EURCAD

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