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USDCAD Elliott Wave Analysis: Impulse Breakout

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USDCAD has finally turned higher, after broke out of a running triangle placed in wave 4 so pair is now in a new impulsive rise, moving up in wave 5 towards triangle measurement target placed above 1.0900 zone. In the meantime any downward retracement will be considered as minor correction within uptrend. We are talking about blue wave (iv) that may occur in the next few sessions and find a support around 1.0750.

USDCAD 4h Elliott Wave Analysis

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