GBPCAD Will Go Higher From Support! Buy!

15 May 2023

Please, check our technical outlook for GBPCAD.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 1.689.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.700 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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