This currency pair is currently confirming
the conversion of its short-term resistance
zone into support, which is located
between 1.72818 and 1.73954, as
identified by the grey rectangle. The
breakout in the GBP/CAD above its
descending 61.8 Fibonacci Retracement
Fan Resistance Level, converting it into
support, resulted in a significant bullish
catalyst. Canada is faced with economic
problems from the Covid-19*****