EURCAD Rides the Rising Channel: Short-term Projections and Key Levels

EURCAD continues to navigate a rising price channel on the 4-hour chart, firmly keeping its short-term uptrend stance from 1.4548.

As long as the pair remains within this channel, we can expect a continuation of the upside move. A breach of 1.4726 resistance might serve as a catalyst for a further ascent towards the 1.4763 level.

However, all eyes are on the critical support level at 1.4625. A breakdown below this crucial point could suggest the upside move, peaked at 1.4726, has run its course. Following this, another fall towards 1.4548 appears plausible. If the tumble drops beyond this level, the 1.4400 zone could be next in line.