LiteForex - Analytics

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    USD/CAD: wave analysis on 05.03.2015

    Presumably, local correction in a form of fourth wave (iv), that is currently triangle-shaped, is completed. Apparently, the fifth wave (v) has started to form locally; the first and the second waves of junior level have formed within its borders. If this assumption is correct and the price does not break the critical level 1.2382, the pair will continue to rise to the levels 1.2900-1.3000. 

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