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USDСAD: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24
The fifth wave of larger degree 5 presumably continues developing on the weekly chart, with wave (1) of 5 forming as its part. The fifth wave of smaller degree 5 of (1) continues developing on the daily chart, with a correction completed as the fourth wave iv of 5 and wave v of 5 developing. Apparently, wave (i) of v is formed and a local corrective wave (ii) of v is unfolding on the H4 chart. If the presumption is correct, USDCAD will continue to rise to the levels of 1.4100 – 1.4300 after the correction ends. The level of 1.3624 is critical in this scenario as its breakout will enable the pair to continue ... (full story)