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GBP/CAD sellers could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇘⇒⇘

[ANNOUNCE]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.[/ANNOUNCE]

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.

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