GBP/CAD: Bullish divergence in CCI and RSI (Good to go long)
Major support -1.83450
The pair has recovered after making a low of 1.83498 at the time of writing and slightly recovered from that level. It is currently trading around 1.84226.
GBP/CAD minor intraday resistance is around 1.84270 and any indicative break above targets 1.84540/1.85018/1.8518.
On the lower side minor support is around 1.8380 and break below targets 1.8345/1.8300.
In 4 hours chart both CCI(50) and RSI(14) showing bullish divergence so a jump till 1.8500/1.8545 is possible .
It is good to buy at dips around 1.8410-1.8415 with SL around 1.8370 for the TP of 1.8495/1.8545
The pair has recovered after making a low of 1.83498 at the time of writing and slightly recovered from that level. It is currently trading around 1.84226.
GBP/CAD minor intraday resistance is around 1.84270 and any indicative break above targets 1.84540/1.85018/1.8518.
On the lower side minor support is around 1.8380 and break below targets 1.8345/1.8300.
In 4 hours chart both CCI(50) and RSI(14) showing bullish divergence so a jump till 1.8500/1.8545 is possible .
It is good to buy at dips around 1.8410-1.8415 with SL around 1.8370 for the TP of 1.8495/1.8545
