GBPCAD currency pair just reversed down from resistance zone made out of the key resistance level 1.7160 (which has been reversing the price in the last few trading sessions), 38% Fibonacci correction of the downward impulse from April and the upper daily Bollinger Band. The price earlier formed the daily Torch Sell reversal Pattern (Proprietary to Selected Alpha) – which is also adding to the bearish pressure on this currency pair. Next support stands at 1.7073.
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