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EURCAD recently reversed up from the powerful support area lying between the major, long-term support level 1.44300 (which has been reversing the price from the middle of 2017) and the lower weekly Bollinger Band. With the moderate bearish sentiment affecting Canadian dollar at the moment, EURCAD is likely to rise further toward the next resistance level 1.45000 (former support from the end of January). Powerful support remains at the support level 1.44300.
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