Fri, 28 Apr 2017 07:55:26 GMT
GBP/CAD 1H Chart: Rising Wedge
After the bottom of four years was set at 1.5769, GBP/CAD started a climb towards areas above, and has now created a rising wedge on the hourly chart, indicating that upward momentum has encountered some trouble. The pair is currently testing the upper boundary for the second consecutive time, suggesting that upside risks cannot be completely eliminated as well. The