Instrument: GBPCAD
Bullish Preference:
A buy position is envisaged if the price trades above 1.68777 with take profit at 1.68923
Bearish Preference:
A sell position is envisaged if the price trades below 1.68639 with take profit at 1.68500
Fundamentals:
None with Expected High Impact
Comment:
Monthly gross domestic product is estimated to have grown by 0.2% in September
Construction output and gootds trade balance saw a gradual lift in the economy. They looked at opening up the economy.
Bank of Canada governor expressed concerns over the banks decision to maintain neutral interest rate. This led to a potential gradual increase in borrowing cost that neither accelerates nor hinders economic growth.BOC current interest rate is at 5%
Analysis: SCRUM Team