Over the last 3 weeks, GBPCAD broke two important swing lows. Only one recent swing low is remaining. The price appears to have slowed down.
From a fundamental perspective, the latest interest rates change was back in March 2020. Although the difference suggests that the pair is bearish, the actual difference between the rates didn't change much back then, so I think the price can go sideways too.
I think reclaiming one of the broken levels at least for a short moment is likely.
From a fundamental perspective, the latest interest rates change was back in March 2020. Although the difference suggests that the pair is bearish, the actual difference between the rates didn't change much back then, so I think the price can go sideways too.
I think reclaiming one of the broken levels at least for a short moment is likely.
