ELLIOT WAVE ANALYSIS (03 SEPT 2007)

USD/CAD

Current Situation

If USDCAD can retrace 100% from its previous downtrend moves, then it can go higher. In other words, if USDCAD break current High at 1.0585, then it can hit 1.0633. Possibly USDCAD will unfold a 5 waves structure of wave [C].

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Elite Bisnes Team