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The exchange rate builds the second wave of a triple ascending wave structure. Specifically, the second ascending wave structure moves in the correction sub-wave structure. Since the initial wave was impulsive, the correction wave structure could also be upward. The third rising wave structure may have an accelerated wave structure because the slope of the ATR axis increases (purple line). This may result in an increase in the rate of increase of the exchange rate. Thus, the target price for the third wave is around 16 usd levels.
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