GBP/CAD may rise to 1.7684 - 1.7819

Our pivot point stands at 1.7218.

Our preference

The upside prevails as long as 1.7218 is support.

Alternative scenario

Below 1.7218, expect 1.6991 and 1.6856.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7252 and 1.7173).

Supports and resistances

1.8090 **

1.7954 *

1.7819 **

1.7684

1.7402 last

1.7308

1.7218 **

1.6991 *

1.6856 **

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