Support areas of GBPCAD to look out for

Home / GBPCAD / Support areas of GBPCAD to look out for

Last month we saw a bull push for GBPCAD. Current price action is suggesting that this push may continue. I would not be buying at current prices however. I am looking at 2 support areas to detect buyers. Trading this pair would use a different trading concept where timing is important.

If prices fall within these 5 trading days, the support area to monitor is 1.71099. However, if prices trade sideways and fall after 5 trading days, the support area to monitor is 1.73053 or 1.72296. Be on the lookout for this pair as it may turn into a short term buy trend.