GBPCAD currency pair continues to rise after the price reversed down from the resistance area located between the resistance level 1.68650 (former multi-month resistance level from May) and the 38.2% Fibonacci correction of the downward price impulse from the end of October, as can be seen from the daily GBPCAD chart below. The downward reversal from this resistance area continues the active short-term impulse wave (v) from October. Given the continued downtrend, GBPCAD currency pair oil can be expected to fall further toward the next support level 1.67300 (low of the pervious long-legged Doji from the start of November).