Instrument: GBPCAD
Bullish Preference:
A Buy position is envisaged if the price trades above 1.66981 with take profit at 1.67091.
Bearish Preference:
A Sell position is envisaged if the price trades below 1.66873 with take profit at 1.66754.
Fundamentals:
No High Impact
Comment:
GBP/CAD slips as oil prices fuel Loonie after mixed UK jobs data. Upcoming monetary policy decisions could dictate the pair’s direction, but higher oil prices may tilt the scales in favor of the Loonie.
Analysis: SCRUM Team