Weekly Technical Analysis of Gbp-CAD

The cable is trading in a bearish channel on the H4 frame. The price acquires more negative momentum over time.

The price is bearish inside the channel and targets the level 1.6850 which coincides with the convergence of the lower side of the descending channel, which will be a bullish run for the correction inside the channel.

The next buying level is at 1.6705, with the necessity of maintaining an appropriate stop loss

General trend: bearish