GBP/CAD falls to the lower boundary line of a Rising Wedge pattern and the level of the (red) 50-day Simple Moving Average (SMA) at about 1.7826. Rising Wedges are usually bearish patterns
Sentiment is: Negative
Technical Analysis
GBP/CAD is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 2 days.
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