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CADCHF Retracement off retracement

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FX_IDC:CADCHF   CANADIAN DOLLAR / SWISS FRANC
CADCHF bottomed out and retraced at 0.70000 but pulled back quite a bit. This looks like it is either a V bottom or overbought conditions.

The trend has been fairly flat for the past 1000 hours so the wave pattern should continue.
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