GBPCAD is improving from the 29½-month low of 1.6315 but the near six-week decline from 1.7376 high remains intact below the 1.6714-1.6786 resistance boundary. The falling simple moving averages (SMAs) continue to endorse a deteriorating outlook in the pair. Moreover, the diving Ichimoku lines indicate that prevailing bearish forces are present, while the short-term oscillators […]
The post GBPCAD still bearish despite uptick off 2½-year low appeared first on Action Forex.
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