| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Pound Sterling has declined by 3.50% against the Canadian Dollar since April 21. The currency pair tested the lower line of a descending channel pattern at 1.6963 on April 30.
Currently, the exchange rate is trading near the lower border of the channel pattern and could be set for a breakout.
If the breakout occurs, bearish traders are likely to target the 1.6600 level during the following trading sessions.
However, if the channel pattern holds, buyers might target the resistance level at the 1.7300 area could be expected in the nearest future.