FxWirePro: GBP/CAD Faces Strong Support at 1.8350, Good to Buy at Dips

FxWirePro: GBP/CAD Faces Strong Support at 1.8350, Good to Buy at Dips

9 June 2016, 13:55
Roberto Jacobs
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FxWirePro: GBP/CAD Faces Strong Support at 1.8350, Good to Buy at Dips

  • 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

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