The GBPCAD price reacted to the positive factors represented by leaning within the bullish channel in addition to the continuous positive momentum coming by the major indicators, to notice forming new bullish rally recently and surpass 1.8235 recorded high to start recording new gains by reaching 1.8445.

 

Note that stochastic continuous fluctuation within the overbought areas might increase the chances of gaining the required additional positive momentum to target more positive stations, to expect targeting 1.8470 as a first additional station, followed by reaching the bullish channel’s resistance line at 1.8600.

 

The expected trading range for today is between 1.8340 and 1.8470

 

Trend forecast: Bullish