GBPCAD Will Go Higher From Support! Buy!
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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