The 100– hour simple moving average has been guiding the Pound Sterling higher against the Canadian Dollar since late February. The currency pair re-tested the 100-hour SMA during last week’s trading sessions. Australian Dollar
Given that the GBP/CAD currency pair has breached a resistance cluster at 1.7692, bullish traders could push the price towards the upper boundary of a medium-term ascending channel pattern at 1.7800.
Moreover, technical indicators demonstrate that bulls could continue their dominance in the market during the following trading sessions.
