| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Pound Sterling has edged lower by 0.94% against the Canadian Dollar since this week's trading sessions. The currency pair breached the 50– period simple moving average on October 27.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for the GBP/CAD pair will be near the 1.6655 area.
However, the support level at 1.6850 could provide support for the currency exchange rate in the nearest future.