The primary trend of GBP/CAD
on charts and price is sustaining above the trend line
in its daily chart
. In daily chart
the price is sustaining above 200 day SMA
and taking support of 50 day SMA
indicating the positive trend of the pair. It is having an important resistance at the level of 2.0425 and support at the level of 1.9870. If it breaks its resistance level
on the upside and sustains above it then we can expect it to show further bullish
movement in the pair.
is also sustaining in its buying zone indicating the bullish trend
in the pair.
is looking bullish
on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.