Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/CAD keeps falling below a key support level.
GBP/CAD,D1
Pivot: 1.5406
Analysis:
While the price is above 1.5320, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.5460
- Take Profit 1: 1.5800
- Take Profit 2: 1.6000
Alternative scenario:
If level 1.5320 is broken-down, follow the recommendations below
- Time frame: D1
- Recommendation: short position
- Entry point: 1.5320
- Take profit 1: 1.5160
- Take Profit 2: 1.5015
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.6100 | 1.5320 |
| 1.6000 | 1.5240 |
| 1.5800 | 1.5015 |
