GBPCAD 15/01/2023

ZenFlo Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
GC makes a good case to buy here on the daily chart , after breaking the downtrend we have since seen the MA50>MA200, indicating a switch in the trend in candle closes, with the last 50 closes closing higher than the 200 closes previous, we have seen price move back to the MA50, and has since broken TWAP also, we can look for buys here and try make a new high. Oil will be in an important factor here, as CAD export vast quantities any move higher in Oil could cause the CAD to develop more strength, so we bare that in mind.
Strong trend

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