Thursday, October 15, 2026

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FxWirePro: GBP/CAD faces strong resistance around 2.094, good to sell on rallies

Major support -2.035 Major resistance - 2.094 GBP/CAD has made a low of 2.050 yesterday and started to recover from that level. It is currently trading around 2.06966. Short term trend is still weak as long as resistance…

By Lis Howell
1 min read
FxWirePro: GBP/CAD faces strong resistance around 2.094, good to sell on rallies
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  • Major support -2.035
     
  • Major resistance - 2.094
     
  • GBP/CAD has made a low of 2.050 yesterday and started to recover from that level. It is currently trading around 2.06966.
     
  • Short term trend is still weak as long as resistance 2.0950 holds.
     
  • Any break above 2.0950 will take the pair till 2.125/2.155.
     
  • On the lower support is around 2.035 and break below targets 2/1.9980.

It is good to sell on rallies around 2.075 with SL around 2.1000 for the TP of 2.035/2.

 

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By FxWirePro Team