GBP/CAD may rise to 1.8085 - 1.8237

Our pivot point stands at 1.7518.

Our preference

As long as 1.7518 is support look for 1.8237.

Alternative scenario

Below 1.7518, expect 1.7262 and 1.7110.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7693 and 1.7611).

Supports and resistances

1.8543 **

1.8390 *

1.8237 **

1.8085

1.7765 last

1.7618

1.7518 **

1.7262 *

1.7110 **

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