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USD/CAD: wave analysis on 07.05.2015

Supposedly, a bearish correction in a form of  fourth wave 4 is completed. Apparently, the first counter-trend wave in a form of a small impetus (i) and its correction (ii) have been formed by now. If this assumption is correct and the price does not break the critical level 1.1940, it's logical to expect the pair to rise to the levels 1.2300 – 1.2600 – 1.2800

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