EURCAD currency pair recently broke the resistance area lying between the pivotal resistance level 1.48000 (top of the narrow sideway price range inside which the price has been moving from May) and the 38.2% Fibonacci correction of the downward price impulse 5 from the middle of April. The breakout of this resistance area accelerated the active impulse wave C. EURCAD currency pair currency pair can be expected to rise further toward the next round resistance level 1.50000 – from where the downward correction is likely