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Elliott Wave Analysis: USDCAD In A Temporary Correction

USDCAD is turning nicely to the upside, now suggesting that a five wave decline can be done for wave C) which means more upside can be coming. In fact, an intraday reaction from yesterday is looking like an impulse away from the lower side of a downward channel, so pullback of wave 2 can be interesting to join the dollar strength.

USDCAD, 4h

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