GBPCAD - 240 - Watch the range and wait for a move out of it.
Trade Alert
GBPCAD is currently trading within a range and before we take any action trade-wise, we need to see a break of one of the sides first, in order to consider the pair moving higher or lower in the near-term.
A break and close above the 1.7450 area could open the path for a potential test of the 1.7555 zone.
Alternatively, a move below the 1.7290 hurdle, could interest the bears in jumping into the action and driving the pair lower, towards the 1.7200 level.
Don't forget to place your SL.
GBPCAD is currently trading within a range and before we take any action trade-wise, we need to see a break of one of the sides first, in order to consider the pair moving higher or lower in the near-term.
A break and close above the 1.7450 area could open the path for a potential test of the 1.7555 zone.
Alternatively, a move below the 1.7290 hurdle, could interest the bears in jumping into the action and driving the pair lower, towards the 1.7200 level.
Don't forget to place your SL.