Sterling against CAD seems to have reached some resistance, today’s close will produce an upside down hammer on the weekly chart and on the day chart the Stochastic Oscillator has begun to cross over to downside momentum, full downward pressure occurs when the 80% line is broken. Hasn’t gotten there yet but getting very close. Looking at the weekly chart the Rally still seems intact, thick blue line going all the way back to 2013 creating a lot of support. I’m looking for price to continue further down next week with the first support around 1.8851 on the top side of the cloud, with following supports on the black and the blue lines.

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