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GBPCAD continues to rise inside the short-term impulse wave (iii), which stated recently from the support zone lying between the support level 1.69300 (which also reversed the price in the middle of September) and the lower daily Bollinger Band. Given the rising bearish Canadian sentiment seen across the currency markets today, GBPCAD is likely to rise further toward the next resistance level 1.72350 (which reversed the price multiple times from the end of last month)
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