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USD/CAD: wave analysis on 25.03.2015

Supposedly, a local bearish correction in a form of wave iv has finished developing. Apparently, the fifth wave has started to form locally. If the presumption is correct, the pair will logically rise to a level of 1.1300. The level of 1.2400 is critical in this scenario as its breakdown will result in a further decline of the pair. 

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