The primary trend of GBP/CAD is bullish on charts and price is sustaining above the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating the positive trend of the pair. It is having an important resistance at the level of 2.0425 and support at the level of 1.9870. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
RSI is also sustaining in its buying zone indicating the bullish trend in the pair.
STRATEGY: GBP/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.
RSI is also sustaining in its buying zone indicating the bullish trend in the pair.
STRATEGY: GBP/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.