Saturday, 06 June 2020


A Analysis

USD/CAD: wave analysis

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The pair is in the correction. Assumingly, the third wave of the senior level iii of 5 has formed. Locally, a correction as the fourth wave iv seems to be developing, within which the first wave (a) in the form of a diagonal has formed. If the assumption is correct, after the local correction within wave (b) the pair will continue falling to 1.2785. A critical for this scenario is the level of 1.3205, the breakout of which will lead to the further growth. Trading tips Sell the couple from corrections, below 1.3205, with the target at 1.2785. Alternative scenario The breakout and consolidation above 1.3205 will allow the pair to continue growing to 1.3455. 1 2

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