EURCAD currency pair recently reversed down from the resistance zone located between the key resistance level 1.37500 (which has been reversing the price from the start of April), upper daily Bollinger Band and the 38.2% Fibonacci correction of the earlier downward price impulse from the start of March. The downward reversal from this resistance area stopped the previous ABC correction 4. Given the strength of the aforementioned resistance zone – EURCAD currency pair can be expected to fall further toward the next support level 1.36000.