GBPCAD approached a daily resistance level (1.61805) correctively which created a rising wedge pattern indicating a potential reversal to the downside. There is a breakout of the wedge pattern and expecting price to push lower to the support trend line at 1.59400
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.