HI Traders,
The crossed pair GBPCAD has rallied quickly from 1.65 to 1.78 for a short time. I expect it's time for correction in few weeks ahead UK general election on 8th of June. Increasing of oil prices also support for bull to hold buy CAD in short-term. I prefer to sell on rally. Let's see the daily chart below:
The crossed pair GBPCAD has rallied quickly from 1.65 to 1.78 for a short time. I expect it's time for correction in few weeks ahead UK general election on 8th of June. Increasing of oil prices also support for bull to hold buy CAD in short-term. I prefer to sell on rally. Let's see the daily chart below: