The GBPCAD currency pair has maintained a strong bullish trend, with recent positive closings consistently above the key support level at 1.7815. As a result, the pair continues to stay within its upward channel, currently fluctuating around the 1.7910 mark.
With the stochastic indicator approaching the overbought zone, the pair is expected to face increased upward pressure. This could open the door for further gains, potentially starting at the 1.7980 level and extending towards 1.8070 in the medium term.
The anticipated trading range for today is between 1.7870 and 1.7980, with the overall trend remaining bullish.
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