GBP/CAD may rise 57 - 86 pips

1.7912 is our pivot point.

Our preference

As long as 1.7912 is support look for 1.8047.

Alternative scenario

Below 1.7912, expect 1.7864 and 1.7835.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7949 and 1.7918).

Supports and resistances

1.8105 **

1.8076 *

1.8047 **

1.8018

1.7961 last

1.7931

1.7912 **

1.7864 *

1.7835 **

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