Mon, Aug 02, 2021 @ 05:01 GMT
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GBP/CAD 4H Chart: Hit 7-Month High

The Pound Sterling has appreciated by 2.44% in value against the Canadian Dollar since November 27. The currency pair hit a seven-month high at 1.7485 during yesterday’s trading session.

All things being equal, the GBP/CAD exchange rate might edge lower within this week’s trading sessions. The potential target will be near a support line at the 1.7202 zones.

However, technical indicators demonstrate that the currency exchange rate might continue its upward movement during the following trading days.

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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