chrisheaney22

Has GBPCAD found resistance at 1.76828?

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
We see that price has run into the 1.76828 level again, going overbought on the RSI in the process. It's showing early signs of breaking the linear support in the trend line which has been forming a bullish wedge pattern. We can look for further confirmation in the crossing of the 20 period EMA . We could see a short opportunity in the coming hours/days.