GBPCAD continues to rise after the earlier breakout of the key resistance level 1.7065 (which stopped the previous vases (A) and 1, as can be seen from the daily GBPCAD chart below). The breakout of the resistance level 1.7065 should accelerate the active impulse waves 3 and (C). Given the widespread bullish sentiment affecting the Sterling at the moment – GBPCAD is likely to remain under bullish pressure and to rise toward the next resistance level 1.7300 (target for the completion of the active impulse wave (C)).