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    USD/CAD: wave analysis on 25.11.2015

    A decline is expected.

    Assumingly, a double zigzag (w)(x)(y) within wave B of 4 has finished forming. Locally, a reversal and starting wave (i) of the junior level are forming. If the assumption is correct and the price does not break out the critical level of 1.3438, it is logical to expect a decline towards 1.2800 within wave C of 4.

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