LiteForex - Analytics


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    USD/CAD: wave analysis on 22.02.2016

    A growth is expected.

    Assumingly, a downward zigzag within a large Bearish correction has formed. Locally, an upward correction in wave b shaped as a flat seems to be developing and if the assumption is correct, in the short-term the pair continues growing towards 1.4018. Critical for this scenario is the level of 1.3650, a breakdown of which would allow the pair to fall to 1.3280.

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