GBPCAD almost ready to go short
A few days back I did a long term and short term analysis for the GBPCAD, it was trading near a LT resistance level, and when looking at the short term chart, you clearly saw the range it was trading on.
The GBPCAD already broke the bottom of the range:
Well, it is now trading in a bearish condition, that means that it is likely to continue its way down until it reaches the next LT support level, which is at 1.5427 (more than 650 pips away from where it is currently trading).
We need to be careful though, tomorrow we have 3 interest rates announcements and NFP report coming this Friday.