AUDCAD - Weak AUD
AUDCAD.
With AUD showing weakness, and the pair starting a bearish impulse, we are likely to see further decline in the coming weeks. The drop is expected to be sharp as a part of wave 3. Price moving back upside to wave 2 level would be an invalidation for the bearish wave count.
The analysis is based on the Elliott Wave Theory. Manage risk while trading.
With AUD showing weakness, and the pair starting a bearish impulse, we are likely to see further decline in the coming weeks. The drop is expected to be sharp as a part of wave 3. Price moving back upside to wave 2 level would be an invalidation for the bearish wave count.
The analysis is based on the Elliott Wave Theory. Manage risk while trading.
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