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Elliott Wave Analysis: USDCAD And BTCUSD Update

USDCAD bounced perfectly yesterday from that channel support where wave four bottomed so we see pair now in wave five testing that old swing high at 1.2686. If there will be a decisive break through this level with a daily close above it then this old high can become a new support later. If break would be unsuccessful in the next 12 hours then support to keep an eye on for a pullback is at 1.2622.

USDCAD, 1H

BTCUSD is turning south, now falling below the trendline support so we assume that new a-b-c pullback is in play, ideally for 9k.

BTCUSD, 2H

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