GBP/CAD may fall 29 - 43 pips

1.7538 is our pivot point.

Our preference

Eye 1.7472.

Alternative scenario

Above 1.7538, look for 1.7562 and 1.7575.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (1.7519) but above its 50 period moving average (1.7514).

Supports and resistances

1.7575 **

1.7562 *

1.7538 **

1.7529

1.7515 last

1.7486

1.7472 **

1.7458 *

1.7445 **

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