Instrument: GBPCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.72122 with take profit at 1.72262 .
Bearish Preference:
Sell position is envisaged if price trades below 1.71861 with take profit at 1.71744 .
Fundamentals:
2:30pm CAD CPI m/m
Comment:
The British Pound was also a gainer against the Canadian Dollar, with GBP/CAD rising nearly a full percentage point. However, the move higher fell just short of taking out the 2021 high, set in early January at 1.7313
Analysis: SCRUM Team