• Recovery attempts in EUR/CAD were rejected by stiff trendline resistance at 1.4578.
   
• The pair has slipped below 20-DMA at 1.4552, but downside finds strong support at 1.45 (50-DMA).
   
• Momentum studies are neutral, we see weakness only on break below 1.45.
   
• The softer tone in crude oil prices is collaborating with CAD weakness, and is likely to keep downside cushioned.
   
• Break below 1.45 could see test of 1.4460 and then 1.4428 (Aug 15 low) levels.
   
• On the flip side immediate resistance is seen at 1.4552 (20-DMA) ahead of 1.4578 (trendline).