EurCad outlook

The trend for EurCad is clearly up and after reaching 1.6 important resistance the pair corrected just to touch fibo 50% of the last leg up.
A strong base is formed at 1.56 now and the pair could have a new attempt to conquer 1.6 zone.
EurCad is bullish as long as the price is above 1.56 and only a daily close under this support would change this outlook.