has been consolidating since the 1.68 peak and with the push up last week and two days of no push back I feel confident GBP/CAD
is going higher. Both the stochastic
have corrected while price has hardly moved which is a very bullish
sign. With positive crossovers now in place the market is signalling it is ready to move higher. Complementing these technical indicators is the fall in oil
prices which this morning had WTIC under $100 for the first time in a long time. Cheaper oil
for the Loonie.