CANADIAN DOLLAR WEEKLY
 

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The 20-week cycle bottoms are indicated by the up arrows. Currently eight weeks into the second 20-week cycle from the 4-year bottom, prices have retraced a little more than 50% and are meeting resistance at the blue EMA line. The blue double stochastic oscillator is overbought and a downturn will paint the price bar blue. A drop below the blue setup bar would indicate the 20-week and 40-week cycle top is in place, and sideways to lower prices could be expected for the remainder of the 20-week cycle.

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