EURCAD pair is in the uptrend. It has got resistance from the important level which acted as support before the price broke through that level. Now wait for the pullback at 1.4354 level. The level is important because of three reason:-
1) It is at the 0.5 of the fib retracement
2) It is value are as high volume were accumulated at that price before up trend started
3) This level has acted as resistance, so it will act as support now.
1) It is at the 0.5 of the fib retracement
2) It is value are as high volume were accumulated at that price before up trend started
3) This level has acted as resistance, so it will act as support now.