GBPCAD Weekly Forex Forecast 22nd October to 28th October by yshashmi37 on

Midterm forecast:

While the price is below the resistance 1.7230, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7230 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7230 is broken.
Technical analysis:

Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.

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