The pair USD/CAD remains likely to grow. Estimated pivot point is at a level of 1.3208.
Main scenario: long positions should be considered from corrections above the level of 1.3208 with a target of 1.3400 – 1.3564.
Alternative scenario: breakout and consolidation below the level of 1.3208 will allow the pair to continue declining to the levels of 1.3142 – 1.3026.
Analysis: Supposedly, a descending correction finished developing on the D1time frame in the form of the second wave of senior level (2) and the wave (3) starts forming. The first counter-trend wave of junior level i of 1 of...
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