The GBPCAD attacks the moving average – Analysis – 7-6-2023
Economies.com
2023-06-07 04:40AM UTC
The GBPCAD pair confirmed its affection by the domination of the bearish bias since it exited the bullish channel, to notice crawling towards 1.6620 level and press on the MA55, expecting to form solid barrier at 1.6745 to increase the chances of renewing the negative attempts, to expect breaking 1.6620 and reach new negative stations that might start at 1.6530 and 1.6425.
The expected trading range for today is between 1.6690 and 1.6580
The expected trend for today: Bearish
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