AUDCAD Elliott Wave Analysis 6.17.2016

Back in May, we had a look at AUDCAD pair and presented the preferred Elliott wave structure in the pair in daily and weekly time frames. At the time, we said pair is close to a bounce which will offer a selling opportunity for the next leg lower to complete the sequence to the downside. Pair has rallied nearly 250 pips since then and in this video, we take another look at the pair and see if the bounce is already completed or has more room to run to the upside before the decline resumes.

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