The GBPCAD is about to retest a broken horizontal support level, which is now likely acting as resistance following a breakout.
To confirm a bearish trend, I have observed a horizontal range on the 4-hour chart and a bearish breach of its support level.
I anticipate that the price will decrease to around 1.7043 or 1.7000 in the near future.
To confirm a bearish trend, I have observed a horizontal range on the 4-hour chart and a bearish breach of its support level.
I anticipate that the price will decrease to around 1.7043 or 1.7000 in the near future.
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