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USD / CAD wave analysis and forecast at 11.03 - 18.03: The downtrend in force.
Estimated pivot point is at 1.3460.
Analysis: Presumably, formation of the downward zigzag in the first wave of large-scale "bear" correction. Locally it appears, the wave form of a pulse in zigzag, in which there is a fifth wave formation (v) of c. If the assumption is true, then the pair will continue to fall to around 1.3000.
Estimated pivot point is at 1.3460.
Analysis: Presumably, formation of the downward zigzag in the first wave of large-scale "bear" correction. Locally it appears, the wave form of a pulse in zigzag, in which there is a fifth wave formation (v) of c. If the assumption is true, then the pair will continue to fall to around 1.3000.