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USD/CAD: wave analysis on 15.06.2015

Supposedly, a bearish correction in a form of the second wave has finished forming. Apparently, a reversal is forming locally. If the presumption is correct, the pair will logically rise to a level of 1.2560–1.2800 within the third wave. The level of 1.2190 is critical in this scenario as the breakout will enable the pair to continue declining to the levels 1.2100–1.2000.

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