Technical Analysis – GBPCAD breaches key resistance in effort to maintain bullish picture

GBPCAD is pushing above a key resistance of 1.7133 from the swing high from May 29. The ascent which commenced on August 9 is aided by the progressing bullish cross of the 50-day simple moving average (SMA) and the improving positive momentum in the technical indicators. The short-term oscillators suggest that positive directional momentum is […]