The EURCAD pair has consistently closed above the support level at 1.4965, reflecting ongoing positive momentum. Recent gains have driven the price to 1.5025.
With the stochastic indicator approaching overbought levels, the potential for further bullish momentum increases. This suggests the possibility of additional upward movement, with the next targets set at 1.5055 and subsequently 1.5070.
The expected trading range for today is between 1.4980 (support) and 1.5055 (resistance).
Trend Forecast: Bullish
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