AUDCAD – Forecasting next move using Elliott Wave

In this video, we present the most likely path for AUDCAD Forex pair for the next few week and even months to come. Pair is showing an incomplete 5 swing sequence from the peak in 2012 (1.0783) and as bounces fail below 12/31/2015 (1.0171) peak, pair is expected to make another swing lower towards 0.8960 – 0.8402 area before strong buyers appear in the market. Afterwards, pair would resume the rally to a new high above 2012 peak (1.0783) or make a larger 3 wave bounce at least to correct the cycle from 2014 peak (1.0349).

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