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USDCAD, Elliot Wave Analysis
1/4/2023 10:30 AMThe possibility of growth remains.
On the daily chart, there is a development of the ascending fifth wave of the higher level 5 and wave (3) of 5. At the moment, wave 5 of (3) is also being built, in which wave i of 5 has already appeared, local correction ii of 5 has completed and wave iii of 5 is developing. If the assumption is correct, the upward dynamics of the USD/CAD pair will continue to the area of 1.3978–1.4500. The level of 1.3480 is critical and stop-loss for this scenario.
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