GBPCAD currency pair recently reversed up from the combined support zone located between the key support level 1.72650 (which has been reversing the price from July), lower daily Bollinger band and the 61.8% Fibonacci correction of the upward impulse from July. The upward reversal from this support zone stopped the previous correction 2. Given the persistent multi-month uptrend and the rising bullish sterling sentiment seen across the FX markets today – GBPCAD currency pair can be expected to rise further toward the next resistance level 1.74000.