GBPCAD breaks upside resistance from major consolidation over the last 3 years. This falls in line with the risk aversion theme of 2013 for most pairs. An upside target of 1.7380 is very likely heading into the last 3 months of the year.
This analysis should also help provide a clearer view on USDCAD over the next couple of months. This pair has been consolidating in a narrow range for a couple of weeks now and a strong breakout is likely to occur, my preference to the upside in line with this GBPCAD analysis.
This analysis should also help provide a clearer view on USDCAD over the next couple of months. This pair has been consolidating in a narrow range for a couple of weeks now and a strong breakout is likely to occur, my preference to the upside in line with this GBPCAD analysis.