Chart of The Day $GBPCAD 10-03-2016

On the GBPCAD daily chart we see a rejection from 1.7400 upper Pitchfork channel line and is testing median line 1.6960 and in case of a break of this level we could see extended downside opened to 1.6400. Invalidation of this downside range move only on a break of 1.7200. CCI indicator is near a break out of uptrend line from July.

Happy trading! (click on the chart to enlarge it)



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