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GBP/CAD finding support near 1.6930, may recover 1.71 on a BoC anticlimax.
For the GBP/CAD, a 'double top' on charts warns of further loss.
GBP/CAD risking slippage back below 1.71, weighed down by softer USD, oil price rally.
GBP/CAD vulnerable as USD/CAD eyes break lower, may near 1.7050 as USD/CAD slides toward 1.2550.
GBP/CAD rally stalled by resistance near 1.2750, supported above 1.7037 as consolidation looms.
GBP/CAD recovery rally puts 1.73 in crosshairs, with support seen at 1.7085, 1.7008 & 1.6938.
"Also weighing on the loonie in early 2022 will be a lack of upside in commodities. Demand for oil will be hampered in the near term by the spread of omicron globally" - CIBC.
GBP/CAD supported near 1.69 & may test 1.71 as USD/CAD eyes advance toward 2021’s highs.
GBP/CAD recovery places December highs in sight and USD/CAD lifts near to 2021’s highs.
GBP/CAD risking another lurch lower this week and could see 1.6600.
National Bank of Canada says the recent decline in the value of the Canadian Dollar merely makes it even more undervalued relative to fundamentals, as they forecast gains in 2022.
GBP/CAD struggling against resistance at 1.7064 and faces further impediment to recovery at 1.7166.
CAD tipped for a second year of outperformance in 2022.
GBP/CAD finding feet but struggling with 1.69 with support building near 1.67 as UK, CA data loom.
GBP/CAD looks to stabilise above 2021’s low near 1.6700, aided by cleaner pricing of BoE & full expectations for Bank of Canada policy.
GBP/CAD supported on dips beneath 1.69s as CAD bulls & BoC rate bets face reckoning.
