GBPCAD currency pair continues to fall after breaking through the combined support zone lying between the key support level 1.68650 (monthly low from May) and the support level 1.67750 (monthly low from December). The breakout of this support zone accelerated the active impulse waves (iii) and C. Given the clear daily downtrend and the strongly bearish sterling sentiment seen across the FX markets today – GBPCAD currency pair can be expected to fall further toward the next support level 1.67000.
