Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/CAD faces trend line support around 2.015, good to buy at dips

GBP/CAD has made a low of 2.00809 and slightly recovered form that level.  It is currently trading at 2.0164.

  • Overall trend is bullish as long as support 2.013 holds.
     
  • Any break below 2.013 will take the pair further down till 2.0080/2.003.
     
  • Overall bullish invalidation only below 2.
     
  •  On the higher side major resistance is around 2.019 and break above targets 2.026/2.0325.

It is good to buy at dips around 2.017 with SL around 2.013 for the TP of 2.026/2.035.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.