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GBPCAD Wave Analysis – 18 February, 2022

32873 gbpcad wave analysis 18 february 2022

• GBPCAD reversed from resistance level 1.7300

• Likely to fall to support level 1.7155.

GBPCAD currency pair recently reversed down from the resistance level 1.7300 (which has been repeatedly reversing the price from the start of January).

The resistance zone near the resistance level 1.7300 was strengthened by the upper daily Bollinger Band.

Given the overbought daily Stochastic – GBPCAD currency pair can be expected to fall further toward the next key support level 1.7155.

Source: Fxpro

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