| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇓ | ⇗ | ⇓ |
GBP/CAD is trading in a short-term ascending channel. The Pound fluctuated around the 200-hour SMA prior to plunging down to the lower channel boundary mid-today. Technical indicators are mildly bearish on the pair, suggesting that further downside potential in the upcoming hours is possible. Thus, it is likely that the Sterling breaches the lower channel boundary and continue to depreciate against the Canadian Dollar. The nearest support is provided by the 55-, 100– and 200-hour SMAs in the 1.6850/61 area. From downside, the rate is supported by the weekly S1 at 1.6749 functioning as an immediate barrier and a more distant level - the weekly S2 at 1.6614.