We can see how EURCAD
is clearly on an uptrend channel
on the daily chart
failing to make a lower low and with failing at a key support area
around 1.4550 levels, Short term trend line
was broken with good reversal signs on daily and 4hr timeframe. Double bottom
was made and this pair could make a new leg higher and extend one last impulse to 1.6500 levels before a new corrective wave.