The GBPCAD price succeeded to confirm the continuation of the positivity by consolidating within the bullish channel, to notice breaching 1.7810$ barrier and achieving many gains by rallying towards 1.7990.

 

The current negative rebound towards 1.7920 hints the attempt to gather the required additional positive momentum to resume the bullish attack, also, 1.7880 level attempt to form the additional support will reinforce the chances of forming bullish waves to target 1.8030 and 1.8080 levels.

 

The expected trading range for today is between 1.7880 and 1.8030

 

Trend forecast: Bullish