fxpremiere

GBPCAD Downtrend 04 03 2021

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
GBPCAD Downtrend 04 03 2021

In July 2020, the price touched the strong resistance zone 1.763 and collapsed from it. The next time the price was able to reach this zone only at the end of January 2021. And throughout February it moved within it. The price came to the zone during the growth in the ascending channel since September last year. The upper border of this channel also gives the price additional resistance and now I expect that from the resistance zone of 1.763 the price will collapse to the support line. We expect the price to come to the 1.745 support line. This will be our goal.

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