In spite of a recent corrective bearish pullback that saw it settle around 1.7125, the GBPCAD currency pair remains firmly on its upward trajectory, underpinned by its consistent position above the support line of the bullish channel at 1.6980.
Furthermore, the stochastic indicator has entered the oversold territory, indicating the initiation of a reversal from negative pressures. This development offers the prospect of accumulating positive momentum, suggesting a potential advance towards optimistic milestones at 1.7195 and 1.7260.
The anticipated trading range for today is projected to span between 1.7060 and 1.7095.
Overall, the prevailing trend for today remains bullish.