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USD/CAD: wave analysis on 05.06.2015

Supposedly, a bullish impetus has formed as the first wave within the fifth wave of senior level. Apparently, a bearish correction is forming locally as the second wave, within which the pair is expected to decline to a level of 1.2240. The level of 1.2561 is critical in this scenario as the breakout will enable the pair to continue rising to a level of 1.2843.

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