The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBPCAD has been consolidating
Information is not investment advice
On H4 of GBPCAD, the pair has been trading sideways. It gives traders an opportunity to wait and enter the market at good levels. If the pair breaks above 1.6028, we can anticipate a further rise towards 1.6061. Otherwise, if the support at 1.5968 is broken, the pair will move down. The short may be anticipated at the level of 1.5926. The target will be placed at 1.5886.
Darya Bobrova
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