$USDCAD 1 Hour Elliott Wave Analysis 5.12.2014

Preferred Elliott wave view is that pair has ended a cycle from 1.0853 low and wave (( B ))  high is in place at 1.1054. Wave ( A ) is over at 1.0809 and wave ( B ) bounce is in progress, it can reach as high as 1.0959 – 1.0995 to complete wave ( B ) before the decline resumes.

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