The current interest rate diffeential structure after the RBNZ and RBA interest rate cutting to position CAD stronger than major currencies, excl. USD. As a result, the GBPCAD will continue to move to downward/bearish for medium term down to 1.6600.
Short trade is recommendable for interdays high to interdays low by the continuation of the bearish price.
Short trade is recommendable for interdays high to interdays low by the continuation of the bearish price.