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USD / CAD wave analysis and forecast. The probability of growth of pair.
Estimated pivot point is at the level of 1.29.
My opinion: Buy a pair of correction higher than 1.29 with the aim 1.38.
Alternative scenario: A break and consolidation below the price level of 1.2914 will allow the pair to continue to decline to around 1.2658.
Analysis: Presumably, formation of the downward momentum in the framework of wave A. At the moment, appear to develop upward correction as wave B, in which presumably formed the first wave a of B in the form of a pulse. If the assumption is true, in the short term the pair will continue to rise to marks 1.38 - 1.40. Critical to this scenario is the level of 1.2914.
Estimated pivot point is at the level of 1.29.
My opinion: Buy a pair of correction higher than 1.29 with the aim 1.38.
Alternative scenario: A break and consolidation below the price level of 1.2914 will allow the pair to continue to decline to around 1.2658.
Analysis: Presumably, formation of the downward momentum in the framework of wave A. At the moment, appear to develop upward correction as wave B, in which presumably formed the first wave a of B in the form of a pulse. If the assumption is true, in the short term the pair will continue to rise to marks 1.38 - 1.40. Critical to this scenario is the level of 1.2914.
