GBPCAD is approaching our first support at 1.7268 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.7443 (38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our support where we might see a bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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