GBP/CAD ST: as long as 1.6367 is support look for 1.7408

1.6367 is our pivot point.

Our preference: as long as 1.6367 is support look for 1.7408.

Alternative scenario: the downside breakout of 1.6367 would call for 1.6001 and 1.5783.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6690 and 1.6456).

Supports and resistances:

1.7847 **

1.7628 *

1.7408 **

1.7189

1.6730 last

1.6511

1.6367 **

1.6001 *

1.5783 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-04-2023 at 10:38 UTC+1

Price reference: 1.6730 last known on 04-04-2023 at 10:38 UTC+1

Investment horizon: ST