GBPCAD...Going higher...Long term analysis...
Pound-to-Canadian Dollar Rate Week Ahead: Staying Bullish Despite Recent Decline
- GBP/CAD seen supported on dips
- Key risk event is Bank of Canada meeting mid-week
- Pound to be bucked by threesome of key economic data releases this week
The British Pound has been in decline against the Canadian Dollar since mid-March when a top of 1.8415 was hit and a wave of Canadian Dollar buying sent GBP/CAD back lower.
The exchange rate will start the new week from 1.7946 having appeared to have settled just north of ~1.7830; the buying interest in Sterling witnessed in this region could allow GBP/CAD to put in a base and draw a line under the recent bout of weakness.
ORIGINAL ARTICLE AND CREDIT GIVEN TO: Written by Gary Howes @ poundsterlinglive.com/cad/8883-gbp-to-cad-week-ahead-staying-bullish
- GBP/CAD seen supported on dips
- Key risk event is Bank of Canada meeting mid-week
- Pound to be bucked by threesome of key economic data releases this week
The British Pound has been in decline against the Canadian Dollar since mid-March when a top of 1.8415 was hit and a wave of Canadian Dollar buying sent GBP/CAD back lower.
The exchange rate will start the new week from 1.7946 having appeared to have settled just north of ~1.7830; the buying interest in Sterling witnessed in this region could allow GBP/CAD to put in a base and draw a line under the recent bout of weakness.
ORIGINAL ARTICLE AND CREDIT GIVEN TO: Written by Gary Howes @ poundsterlinglive.com/cad/8883-gbp-to-cad-week-ahead-staying-bullish
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.