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GBPCAD: Consolidation & Indecision. Your Trading Plan 🇬🇧🇹🇩

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Brittiska pund/Kanadensiska dollar (OANDA:GBPCAD)  
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OANDA:GBPCAD   Brittiska pund/Kanadensiska dollar
Trend Analysis Chart Patterns Wave Analysis pound CAD GBPCAD trading Technical Analysis
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trendanalysis chartpattern waveanalysis pound cad gbpcad trading technicalanalysis
snapshot

GBPCAD is trading within a narrow trading range since the beginning of May:
  • 1.715 - 1.7175 is its resistance
  • 1.70 - 1.703 is its support

To catch the next swing move, wait for a range breakout:
  • Its bullish breakout will lead to a bullish continuation to 1.73 level
  • Its bearish breakout will trigger a bearish move to 1.688 level.

For intraday trading consider the boundaries of the range for buying/selling.

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