GBPCAD continues to fall inside the medium-term impulse wave (3), which stated earlier from the resistance area lying between the multi-month resistance level and the upper daily Bollinger Band.
The price earlier broke the key support level 1.7420 (low of the previous waves 4 and (1)) – which should strengthen the bearish pressure on this pair.
GBPCAD is expected to fall further and re-test the next support level 1.7300.
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
AUDUSD: ⬆️ Buy - AUDUSD broke resistance level 0.6350 - Likely to rise to resistance…
Weak US retail sales are adding to concerns of a potential recession, putting pressure on…
The Dow Jones rebound depends on the Federal Reserve's monetary policy and incoming data. It…
This website uses cookies