| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The British Pound has edged higher by 2.35% against the Canadian Dollar since January 21. The currency pair breached the 1.7600 level during last week's trading sessions.
Everything being equal, the exchange rate could continue to surge in an ascending channel pattern during the following trading sessions. The likely target for bullish traders would be near the 1.7800 area.
However, the weekly R1 at 1.7635 could provide resistance for the GBP/CAD currency exchange rate within this week's trading sessions.