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USDCAD Elliott Wave Analysis: Correction Before Bullish Wave

USDCAD has turned bearish last weeek from around 1.1220 where we see signs of a completed wave (v) of 3 with an ending diagonal formation at the end of extended move that typicaly confirms a bearish reversal. As such, we suspect that pair is now going south or at least sideways in black wave 4.

USDCAD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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