InvestingScope

GBPCAD: 1D Rectangle. Short towards the support.

Short
FX:GBPCAD   British Pound / Canadian Dollar
The price has nearly tested the 1.7288 Resistance on 1D and considering the sideways action on 4H (ADX = 40.745, Williams = -47.059, CCI = 1.0605, Highs/Lows = 0.000), a bearish rejection is expected. The 1D Rectangle has a clear support at 1.6600. Short, TP = 1.6660.

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