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    USD/CAD: wave analysis on 03.02.2015

    A bullish impetus within the third wave (iii) of iii has presumably developed. Locally, the fourth wave (iv) of junior level has started to develop. Its form has not been defined yet. If the presumption is correct, the pair will logically fall to a level of 1.2400. A level of 1.2793 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.2900-1.3000.

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