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Gbp/Cad looks ready to challenge (and break) previous lows
On the weekly chart the price action looks bearish, and a high looks to be in place
The 61.8% fibonacci expansion level of the latest weekly move lies around 1.76
where the previous weekly lows are too - this could be another attempt to break these lows
Gbp/Cad Weekly Chart
On the daily chart we see more interesting technicals:
the declining trendline is around the same level as the latest daily fibonacci 61.8% expansion level
which both…
On the weekly chart the price action looks bearish, and a high looks to be in place
The 61.8% fibonacci expansion level of the latest weekly move lies around 1.76
where the previous weekly lows are too - this could be another attempt to break these lows
Gbp/Cad Weekly Chart
On the daily chart we see more interesting technicals:
the declining trendline is around the same level as the latest daily fibonacci 61.8% expansion level
which both…