The British Pound has surged by 1.54% against the Canadian Dollar since August 24. The currency pair breached the 50– and 100– hour SMAs during the past two weeks.
All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. The potential target for bullish traders would be at the 1.7650 level.
However, a resistance cluster at the 1.7600 level could provide resistance for the currency exchange rate in the nearest future.
