- Major resistance - 1.9640 (3 day EMA)
- GBP/CAD has broken major support 1.9720 and declined till 1.95031. It is currently trading around 1.9536.
- Short term trend is bearish as long as resistance 1.9640 holds.
- Any break above 1.9640 will take the pair to next level 1.9725/1.9800.
- On the lower side major support is around 1.9480 and break below targets 1.9400/1.93150 in short term.
- Overall bearish invalidation can happens if it closes above 2.000 level.
It is good to sell on rallies around 1.9575-80 with SL around 1.9640 for the TP of 1.9400/1.9330
R1-1.9640
R2-1.9725
R3-1.9800
Support
S1-1.9480
S2- 1.9400
S3-1.9315
