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    USD/CAD: wave analysis on 10.02.2015

    Presumably, local correction is a form of fourth wave (iv) has finished and the fifth wave (v) of iii has started developing. Locally, there have been formed the first and second waves within the expected fifth wave. If this assumption is correct and the price does not break the critical level 1.2368, it's logical to expect the pair to continue rising to the levels 1.2800-1.2900.

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