GBPCAD Chart Technical Outlook is under pressure on CAD strength due to the Oil supply cut from Saudi and Russia. GBP has many data points this week to watch. On top of that, the Unemployment rate and GDP, both are expected to show soft figures that would put pressure on the GBP.
The pair has room for the downside to 1.6930 and 1.6870.
Resistances are at 1.7100 and 1.7225.