EURCAD recently reversed up with the daily candlesticks reversal pattern Doji from the support area located between the support level 1.4455 (which has been reversing the price from October) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous impulse wave (3). Given the moderate bearish Canadian dollar sentiment seen across the markets today – EURCAD is likely to rise further toward the next resistance level 1.4550 (former strong support from the end of December).