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USD/CAD: wave analysis on 13.08.2015

The pair is in the correction.

Assumingly, the third wave of the senior level iii of 5 has formed. Locally, a correction as the fourth wave iv seems to be developing, within which the first wave (a) in the form of a diagonal has formed. If the assumption is correct, after the local correction within wave (b) the pair will continue falling to 1.2785. A critical for this scenario is the level of 1.3205, the breakout of which will lead to the further growth.

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