The price of British pound broke the supporting level of 1.2860, signifying the upcoming trend reversal. Also, the chart below shows that the downtrend crosses the broken support. It means that the price of the asset might potentially rebound from the crossing point of these trendlines and drop. So, let’s wait and see what is going to be the next price movement of British pound to forecast the future market sentiment. 

The price of Australian dollar is heading down. At that, it did not enter a very strong supporting zone formed between levels 0.6349 and 0.6362 just yet. Should the asset gain the required support in this zone, it might reverse the price of the currency pair AUD/USD and make it rise. And this thing happened many times before. Time will tell whether this scenario is going to work out. 

Now, let’s discuss the cross rate of the currency pair GBP/CAD. Last week the price of this asset has dropped and then rebounded from the supporting zone formed between levels 1.7695 and 1.7720. This zone might reverse the price of this currency pair towards the level of 1.8300. Should the asset’s price break this supporting zone through, the bears might bring it down.