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    USD/CAD: wave analysis on 05.02.2015

    Presumably, local correction is a form of zigzag-shaped fourth wave (iv) has finished. Locally, a counter-trend impetus i of (v) is forming as part of the fifth wave. If this assumption is correct and the price does not break the critical level 1.2345, it's logical to expect the pair to continue rising to the levels .2800-1.2900.

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