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GBPCAD currency pair recently reversed up from the support area located between the key support level 1.72650 (which has been reversing the price from the middle of July), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from July. Given the rising sterling bullishness seen across the FX markets today, GBPCAD currency pair can be expected to rise further toward the next resistance level 1.74000. Strong support remains at the support level 1.7265.
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