GBP/CAD is flirting with rising trend line support on the daily chart. Pair's failure to sustain above daily 5-MA followed (after bearish 5-MA and 10-MA cross over earlier this week) if followed by a break below rising trend line would expose strong support at 1.87488.
However, note, Cable is finding support at confluence of Fibo support and could actually rebound from the same, thus helping GBP/CAD cross move higher from trend line support as well.
However, note, Cable is finding support at confluence of Fibo support and could actually rebound from the same, thus helping GBP/CAD cross move higher from trend line support as well.
