GBPCAD broke major downtrendline Price rebounded from demand zone at level 1.69990 which corresponds to 161.8% Fibonacci extension Price is supported above HVN at level 1.7050 which indicates that pair is in accumulation phase Above SMA 100 on H1 frame MACD shows weakness in bearish momentum RSI is above level 50 We r waiting price to exceed resistance level at 1.7110 to open long trade It's expected for coming bullish wave to target key level at 1.7355