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    USD/CAD: wave analysis on 27.01.2016

    A fall is expected.

    Assumingly, a downward impulse within the fifth wave of the senior level v of 5 of (3) has formed. Locally, a Bearish correction seems to be developing within which a zigzag (a)(b)(c) seems to be forming. If the assumption is correct and the price does not break out the critical level of 1.4322, the pair continues falling towards 1.3800.

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