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Technical analysis

24.06.202007:12 Forex Analysis & Reviews: GBP/CAD to test 1.6892 level today on June 24, 2020.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 24.06.2020 analysis

According to the 4-hour chart, the GBP/CAD pair seems to be poised to test the 1.6892 level. If this level can easily break, the odds are that the pair continues its downward move at least to test 1.6806 provided that GBP/CAD does not retrace upward and closes above the 1.6980 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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