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Jun 18, 2015 10:17 AM

USDCAD EW analysis 

U.S. Dollar/Canadian DollarFXCM

Description

Due to prolonged advance last year that formed a top on 3oth January; together with the presence of a 5th wave extension, this pair is forming a 4th wave complex correction, now on wave (v) of the expanding Ending Diagonal wave (c) in red.[iv]
Thus, a medium term long towards 50% retracement before setup short for long term towards 1.1250.
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