GbpCad Long
The price, which has broken the descending trend channel, is forming a falling wedge pattern. Supported by the oversold region on the RSI, we expect the price to rise to 1.7400, where the 38.2% Fibonacci retracement level intersects with the previous resistance zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.