GBPCAD Wave Analysis – 15 December, 2021

• GBPCAD reversed from key resistance level 1.7080

• Likely to test support level 1.7000.

GBPCAD currency pair today reversed down from the key resistance level 1.7080 (which has been steadily reversing the price from the middle of October) standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 1.7080 stopped the earlier minor corrective wave 4.

GBPCAD can be expected to fall further toward the next round support level 1.7000.