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GBPCAD continues to fall after the earlier downward reversal from the resistance area lying between the key resistance level 1.77000 (which has been reversing the price from the end of March) and the upper daily Bollinger Band. Given the rising bullish Canadian dollar sentiment seen across the markets today – GBPCAD is likely to fall further toward the next support level 1.75000 (former multi-day resistance level from the end of April). Strong resistance remains at the resistance level 1.77000.
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