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    USD/CAD: wave analysis on 12.02.2016

    A growth within a correction is expected.

    Assumingly, a downward zigzag within a large Bearish correction has formed. Locally, an upward correction in wave b seems to be developing and if the assumption is correct, the pair continues growing towards 1.4100, 1.4300. Critical for this scenario is the level of 1.3636, a breakdown of which would lead to a fall continuation to 1.3280.


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