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Chart of the Day:
USD/CAD reversed sharply off support recently, when the pair was unable to break through the 1.0205 lows of 2009. This reversal looks quite strong and impulsive, which signals for mid-term Long moves on the USD/CAD pair. We will look for much higher levels in the coming weeks, but only if the recent 1.0223 lows stays in place.
At 1.0223 a truncated wave 5) has completed a Short black wave A/1 leg.
CAD/USD-cad314.2.gif" target="_blank" rel="nofollow">TheLFB Charting: USD/CAD daily view
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