GBP/CAD may rise 45 - 67 pips

1.7629 is our pivot point.

Our preference

Our next up target stands at 1.7738.

Alternative scenario

Below 1.7629, expect 1.7593 and 1.7572.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7647 and 1.7663).

Supports and resistances

1.7780 **

1.7759 *

1.7738 **

1.7716

1.7671 last

1.7643

1.7629 **

1.7593 *

1.7572 **

Number of asterisks represents the strength of support and resistance levels.