The GBPCAD Chart Technical Outlook is consolidating within a triangle pattern following August’s rally. This is a continuation pattern with an eventual bullish bias. UK employment figures have given a fresh boost to the pair. key resistances are 1.7835 and 1.7865. Below 1.7690, the correction might extend to the 61.8% Fib. retracement, and mid-August lows, at 1.7580.
