TP = 1.70557 and 1.67542 hit as despite a widening of the bands, GBPCAD continued declining within a wider 1W Channel Down (RSI = 38.271, MACD = -0.013, Highs/Lows = -0.0194, B/BP = -0.0751). The Lower Low appears to have been priced so an attempt for a new Lower High is expected near 1.70557. Our short target is now 1.64002.