EURCAD continues to rise sharply inside the medium-term impulse wave (1) – which started previously from the support area lying between the support level 1.43000 and the lower weekly Bollinger Band. The upward reversal from this support area created the weekly candlesticks reversal pattern Hammer. The price is expected to create the weekly candlesticks reversal pattern Morning Star if it closes this week near the currents levels. EURCAD is expected to rise further toward the next resistance level 1.47000 (top of the previous correction 4)