GBPCAD recently reversed down sharply from the resistance area located between the pivotal resistance level 1.75760 (former strong support from the start of March) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily candlesticks reversal pattern Evening Star – which stopped the previous minor correction 2. Given the rising Canadian dollar bullish sentiment seen across the currency markets today – GBPCAD currency pair can be expected to fall toward the next powerful support level 1.72000 (which has been reversing the pair form January).