GBP/CAD may rise to 1.8428 - 1.8611
BY Trading Central
|September 24, 2024ST: the upside prevails as long as 1.7801 is support
Our pivot point stands at 1.7801.
Our preference
The upside prevails as long as 1.7801 is support.
Alternative scenario
Below 1.7801, expect 1.7493 and 1.7310.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7838 and 1.7707).
Supports and resistances
1.8978 **
1.8795 *
1.8611 **
1.8428
1.8049 last
1.7922
1.7801 **
1.7493 *
1.7310 **
Number of asterisks represents the strength of support and resistance levels.
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