EURCAD just reversed up from the support area lying between the pivotal support level 1.52150 (which stopped the pervious downward correction (a) in the middle of last month), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the pervious upward impulse from February. Given the strength of the nearby support level 1.52150  – EURCAD is likely to rise further toward the next support resistance 1.54600 (former support from the end of March). If the price breaks below 1.52150 – EURCAD can then fall to the next round support level 1.50000.