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GBPCAD - May-08 - D1

GBPCAD is moving in a suffering range. The price has hit the ceiling and floor of this range several times and has not been able to get out of this neutral trend. In its latest trend, the price has hit the bottom of the channel at 1.6902 and has risen. We expect the price to rise to 1.7122 and hit the resistance line. After that, the price must decide to rise to the channel level at 1.7502 or fall to 1.6902.



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