| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Pound Sterling has declined by 1.80% against the Canadian Dollar since September 20. A breakout occurred through the lower boundary of an ascending channel pattern during last week's trading sessions.
Given that a breakout has occurred, the exchange rate could continue to depreciate during the following trading days. The potential target for the GBP/CAD currency pair would be near the 1.7100 level.
However, sellers could encounter support at the 1.7200 area within this week's trading sessions.