$GBP/CAD is falling to a confluence of support with 50 MA, 38.2 retracement and daily cloud support. We can see the pair make a decent bounce here or resume primary trend to new high.
In 1 hour, Canada will issue employment report. A worse than expected result (possible with layoff from oil drop effect) could be the catalyst to make it rally.
Like to long around 38.2 fib, cloud, and 50 MA.
In 1 hour, Canada will issue employment report. A worse than expected result (possible with layoff from oil drop effect) could be the catalyst to make it rally.
Like to long around 38.2 fib, cloud, and 50 MA.
