GBP/CAD Hits New 10-Month Low
FxGrow | Mar 18, 2016 07:20AM ET
GBP/CAD
Since the beginning of the March GBP/CAD moved up in correction. Rebound wasn't very strong because upward movement didn't reach even to Fibonacci 38.2% level. Correction finished on Wednesday when new low occurred. Yesterday price reacted at support and 1.8680 level has been defended.
However right now it is very hard to see any bullish signal and it is more likely that new downtrend wave will occur and GBP/CAD will test support at 1.8140 level.
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