Wednesday, July 25, 2012
USDCAD Elliott Wave Analysis
If you see hourly chart for USDCAD, 5 impulse waves has been completed at 1.023 from 1. 1.006. Corrective wave A has also formed and now are in wave B.. Its good to enter the trade to ride wave C to somewhere around 1.014 ~ 1.013
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Nifty50 index has support placed in the region of 10,080 and 10,040. On the other hand, further upside is expected once the Nifty index sustains above the levels of 10,175-10,180. The rupee opened at 64.80 per USD. capitalstars
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