GBPCAD DAILY

The GBP/CAD pair is trading in a downtrend. The pair has broken below the 50-day moving average and is now trading below the 200-day moving average. The MACD indicator is also in a bearish trend.

The short-term outlook for the GBP/CAD pair is bearish. The pair could fall to the support level However, if the pair breaks above the resistance level at, the outlook could turn bullish.