Source: PaxForex Premium Analytics Portal, Technical Insight

Canada: New Home Prices rose 0.7% in August.

GBP/CAD,D1

Pivot: 1.7382

Analysis:

While the price is above 1.7158, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.7382
• Take Profit 1: 1.7641
• Take Profit 2: 1.7777

Alternative scenario:

If the level 1.7158 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.7158
• Take profit 1: 1.6931
• Take Profit 2: 1.6796

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: