FX.co ★ GBP/CAD

Hello traders, the Canadian dollar managed to rehabilitate itself on Friday in the GBPCAD currency pair. After dropping to nearly 1.8250, buyers pushed back and managed to rise to 1.8310, but so far without consolidating above this level. The beginning of the week could significantly change the sentiment, so let's wait and see. If buyers can establish themselves above 1.8310, then the price may move upwards towards 1.8340 and 1.8370 - a drop could resume from this level. Consolidation above 1.8370 could lead GBPCAD to rise to 1.8400, 1.8435, and 1.8465. However, if sellers manage to consolidate below 1.8250, even after a pullback, then the decline could continue towards 1.8220 and 1.8190. Further movement below 1.8190 would make it possible to drop to 1.8160, 1.8125, 1.8095, and possibly in this case down to 1.8065-1.8035.