GBPCAD Seems Vulnerable To Further Downside

Discussion in 'Technical Analysis' started by Kaitlin, Feb 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Following its break of fifteen month old ascending trend-line support, the GBPCAD plunged to the lowest level in eight months and is likely extending the south-run towards 61.8% Fibonacci Retracement Level of its November 2014 – August 2015 upside, near 1.8850-45. Should the pair continue on its downward trajectory below[​IMG]

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