The EUR/CAD pair has been trading higher since Friday, the 18th of March, with the price moving from 1.4587 up to 1.4812.
On Wednesday, during the European session, the pair initially advanced up to 1.4812 from 1.4606, but as of writing the price is trading at 1.4807.
In the event that the buyers keep pushing higher and the price breaks above 1.4851, profit targets could be locked in at 1.4952.
On the other hand, in the scenario where the price drop below 1.4725, the pair could go down to 1.4672 and 1.4638 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.