ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPCAD: The Losses May Deepen
The expectation that the Bank of England (BoE) will diverge from the North American countries and be more cautious in interest rate hikes in the face of increasing recession risks to the British economy keeps the parity on a downward path. The losses may deepen to 1.5515 if the pair, which confirms the descending channel appearance in its upward attempts, is loosened below the 1.5600 support. Above, the 1.5855 – 1.6030 range is a strong resistance zone.
