Why GBP/CAD Looks Ready to Climb to 1.9382The next strong currency ready to climb is GBP/CAD
Strong UK data recently boosted confidence in the pound.
Oil prices are falling, weakening the CAD.
The BoE hints at delayed rate cuts, supporting GBP.
Technical breakout above resistance signals bullish momentum.
Market sentiment favors GBP over commodity-linked currencies.
We are also seeing strong technical signs including:
Cup and Handle
Price>20 and 200MA
Target 1.9382
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
