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    USD/CAD: wave analysis on 16.11.2015

    An upward trend is nearing the end. A decline is expected.

    Assumingly, the formation of an upward trend within wave b of A is nearing the end. Locally, a last fifth wave of the junior level v within wave (c) of b seems to be forming. If the assumption is correct, after the last fifth wave finishes, it is logical to expect a decline within wave c of A. A critical for this scenario is the level of 1.3263 the breakdown of which leads to a decline towards 1.3100-1.3000.

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