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    Elliott Wave Analysis: USDCAD Update

    Elliott Wave Financial Service
    By Elliott Wave Financial Service

    USDCAD is again at a new high as dollar remains strong and CAD weak because of declining oil prices. However, USDCAD is in a fifth wave rise so upside can be limited in the near future as a three wave correction may unfold in the near term.

    USDCAD, 1h

    Elliott Wave Financial Service
    Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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