FXNTC

GBPCAD - will it keep going?

FX:GBPCAD   Libra Esterlina/Dólar Canadense
Price has been stuck in a consolidating pullback range of 1.66000 - 1.755000 from the middle of August. This range offers a ton of opportunity on a daily/intradaily timeframe. This week we saw price find support at a higher low on the daily tf, showing strength to keep it up in the top of the consolidation range. Price found strength on tuesday and wednesday breaking the intraday bearish trend and created some new highs today. We may experience a pullback at some point, but I am bias towards 1.74000

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