Chart - Courtesy Trading View
GBP/CAD was trading 0.20% lower on the day at 1.5321 at around 13:15 GMT. Mixed UK PMIs fail to impress GBP bulls.
The pair hit fresh 9-year lows at 1.5276 before paring some losses, outlook is strongly bearish.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) unexpectedly slips into contraction to 46.0 in August versus 51.1 expected and 52.1 in July.
UK Services PMI for August arrived at 52.5 when compared to July’s final score of 52.6 and 52.0 expected.
Further, the S&P Global/CIPS Composite PMI came in at 50.9 in August vs. 51.1 expected and 52.1 previous.
Also, follow-through rise in crude oil prices underpin the loonie and act as a headwind for the pair.
Technical indicators support downside in the pair. Momentum is strongly bearish. Stochs and RSI are sharply lower.
Price action is below cloud and major moving averages. GMMA indicator shows major and minor trend are bearish.
Support levels - 1.5269 (April 2013 low), 1.5244 (March 2013 low)
Resistance levels - 1.5404 (5-DMA), 1.5498 (21-EMA)
Summary: GBP/CAD trades with a strong bearish bias. Scope for the pair to test fresh multi-year lows.


FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Pair levels and bias summary 



