| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The Pound Sterling has surged by 1.71% against the Canadian Dollar since May 7. The currency pair breached the 50– period simple moving average during last week's trading sessions.
All things being equal, the GBP/CAD exchange rate is likely to continue to edge higher during the following trading sessions. Bullish traders could target the 1.7350 level.
However, the weekly resistance level at 1.7148 could provide resistance for the currency exchange rate during this week's trading sessions.