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    USD/CAD: wave analysis on 20.07.2015

    An upward trend is strong, local correction is expected.

    Assumingly, a formation of the third wave of the senior level iii of 5 is finishing. Locally, as it seems, the fifth wave of the junior level is finishing. If the assumption is correct, expect the decline within the correction towards 1.2800-1.2700. The critical for this scenario is the level of 1.2114.

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