GBPCAD: Scope to rebound further

FX:GBPCAD   British Pound / Canadian Dollar
16 0
• Erased the falling wedge
• The oscillator has been turned bullish
• The immediate resistance seems to be at 1.8070 its 20MA
Data risk: Inflation , retail sales, and BOC policy settings are likely to raise the loonie volatility than usual. We expect BOC unlikely to hike this week, whereas May hike could be expected.
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