FX.co ★ GBP/CAD

The currency pair GBPCAD is trading in an ascending channel. Today, the pair completed a southern correction at the rate of 1.86575. At the same time, it tested the lower trend line and the Ichimoku cloud. Bouncing off these supports, it turned north. I expect a test of the maximum on June 4, 5, and 9 at 1.8703. If the price can hold above it, then I expect growth to the mirror level of 1.8767. If bulls exert pressure there as well, then I expect further growth to the resistance at 1.88. In case the price fails to hold above the level of 1.8703 and breaks the lower trend line, I expect a decline to the support at 1.8650 with a retest of today's minimum.