GBPCAD broke major downtrendline
Price rebounded from demand zone at level 1.69990 which corresponds to 161.8% Fibonacci extension
Price is supported above HVN at level 1.7050 which indicates that pair is in accumulation phase
Above SMA 100 on H1 frame
MACD shows weakness in bearish momentum
RSI is above level 50
We r waiting price to exceed resistance level at 1.7110 to open long trade
It's expected for coming bullish wave to target key level at 1.7355
Price rebounded from demand zone at level 1.69990 which corresponds to 161.8% Fibonacci extension
Price is supported above HVN at level 1.7050 which indicates that pair is in accumulation phase
Above SMA 100 on H1 frame
MACD shows weakness in bearish momentum
RSI is above level 50
We r waiting price to exceed resistance level at 1.7110 to open long trade
It's expected for coming bullish wave to target key level at 1.7355