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GBPCAD: Detailed Technical Outlook

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Quick Update on ⚠GBPCAD:
Analyzing the price movement on a 4-hour chart today, I observed that the market is in a consolidation phase.

There is a tight trading range occurring horizontally.
Traders interested in selling should wait for the price to break below the support level of this range.

A clear signal of a bearish trend would be a 4-hour candle closing below 1.7683. If this occurs, it is likely that a bearish trend will follow.

The next level of support to watch for is at 1.7600.

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