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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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