Our pivot point is at 1.8678.
Our preference: the downside prevails as long as 1.8678 is resistance
Alternative scenario: above 1.8678, look for 1.8715 and 1.8736.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.8654 and 1.8664). Finally, the GBP/CAD is trading below its lower Bollinger band (standing at 1.8642).
Supports and resistances:
1.8736 **
1.8715 *
1.8678 **
1.8664
1.8636 last
1.8592
1.8571 **
1.8549 *
1.8527 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-22-2025 at 06:45 UTC+1
Price reference: 1.8636 last known on 08-22-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
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