The GBPCAD pair is progressing within an ascending channel and is currently testing the descending resistance zone. If this level is surpassed, the uptrend in the pair is expected to continue. In case of potential pullbacks, the 1.7880 support level stands out as a critical level to watch. This level serves as an important anchor point for maintaining the pair’s upward momentum.
Resistances: 1.8100 / 1.8358 / 1.9000
Supports: 1.7859 / 1.7611 / 1.7273
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