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GBPCAD currency pair today reversed up from the major support area lying between the key support level 1.70500 (which has been steadily reversing the pair from the start of May, as can be seen from the daily GBPCAD chart below) and the lower daily Bollinger Band. Given the strong bullish sterling sentiment – GBPCAD currency pair can be expected to rise further toward the next resistance level 1.72400 (top of the previous minor impulse wave (i) from the end of June).
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