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USD/CAD: wave analysis on 23.06.2015

The pair resumes growth. Supposedly, a local bearish correction in a form of the second wave ii shaped like a zigzag has finished forming. Apparently, the third wave of senior level, within which the first counter-trend wave (i) of iii is forming, has started developing locally.  The level of 1.2123 is critical in this scenario as the breakout will enable the pair to continue declining to a level of 1.2000.

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