Main scenario:\u00a0<\/strong>long positions will be relevant from corrections above the level of 1.2353 with a target of 1.2920.<\/p>\n Alternative scenario:<\/strong>breakout and consolidation below the level of 1.2353 will allow the pair to continue declining to a level of 1.2057.<\/p>\n Analysis:<\/strong>\u00a0Supposedly, a correction stopped developing within the 4-hour time frame, reaching a retracement level of 62% in the form of the wave 2 of (5) of senior level currently shaped like a plane. Apparently, the third wave 3 of senior level started forming now, with a counter-trend impetus of junior level developing inside. If the presumption is correct, the pair will logically continue to rise to a level of 1.2920. The level of 1.2353 is critical in this scenario as the breakout will enable the pair to continue declining to the level of 1.2057.<\/p>\n USD\/\u0421AD Wave analysis and forecast for 12.01 \u2013 19.01 Estimated pivot point is at a level of 1.2353. Main scenario:\u00a0long positions will be relevant from corrections above the level of 1.2353 with a target of 1.2920. Alternative scenario:breakout and consolidation … Continue reading ![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/01\/USDCADH1-1.png\")
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