EURCAD Just Below Trendline Resistance

The EURCAD rally from the June low at 1.5342 has brought the pair to a resistance line that is drawn off of the 12/30/08 and 3/20 highs. The line is reinforced by the 61.8% retracement of the decline from 1.6983, at 1.6350 (current price is 1.6300).