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Elliott Wave Forecast For USDCAD: Corrective Pull-Back Going Complex

Jun. 07, 2013 4:42 AM ET
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USDCAD unexpectedly moved lower yesterday, but still in sharp of a corrective movement, but more complex than on the first place. We are now observing a double zig-zag in progress which could find a bottom then around 1.0150/1.0180, close to 61.8% retracement area. From a larger perspective, trend remains bullish as long as 1.0013 is in place.

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