The British Pound appreciated about 2.82% in values against the Canadian Dollar during last week's trading session. The currency pair reached near June 2018 high at 1.7629.
Everything being equal, it is likely that the currency exchange rate makes a retracement towards the 100– and 200-hour simple moving averages at 1.7247 within this week's trading session.
Meanwhile, technical indicators demonstrate that bulls will continue to dominate the GBP/CAD pair during the following trading sessions.
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