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 USDCAD Elliott Wave Analysis

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PostSubject: USDCAD Elliott Wave Analysis   USDCAD Elliott Wave Analysis Icon_minitimeMon Mar 10, 2014 10:45 am

USDCAD Elliott Wave Analysis Vps1

USDCAD Elliott Wave Analysis

USDCAD turned sharply higher on Friday from 1.0952 where we see completed wave (c) that is part of incomplete triangle as already highlighted in our past updates. A triangle is a five wave pattern so we suspect that current leg up is wave (d) which means we still need wave (e) retracement before we may look for end of a corrective price action. Ideally pair will find resistance in the next 24 hours around 1.1150 area.
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