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Short

USDCAD Completed Wolfe Wave 5-6 @ Channel Top, 0.5 Fib Res

FX:USDCAD   U.S. Dollar/Canadian Dollar
33 0 0
USDCAD             just completed Wolfe Wave 5-6 at the channel top and near 0.5 Fib resistance level . Looks like good Canadian housing data this morning may drive it further down to the channel bottom around 1.0600 level.

NOTE: RSI has pulled back from the overbought levels.
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