Since mid-January 2016 (after failed attempt of breaking resistance at 2.0940) GBPCAD has moved in downtrend. In current week declines reached 11-months low which is weak support. This level is located at 1.8400 but it is likely that it won’t stop declines and price should continue downward movement.
Next supports are located at: 1.8260, 1.8160. The last indicated level is strong enough and it should cause rebound. If rebound occurs return above 1.8540 level will be important for bulls.
Time-frame H1
Time-frame D1
