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According to the 4-hour chart, the GBP/CAD pair seems to be poised to test the 1.6892 level. If this level can easily break, the odds are that the pair continues its downward move at least to test 1.6806 provided that GBP/CAD does not retrace upward and closes above the 1.6980 level.
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The material has been provided by InstaForex Company - www.instaforex.com