Elliott Wave Analysis: AUDUSD and USDCAD 

intraday usdcad

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Elliott Wave Analysis: AUDUSD and USDCAD

Aussie retested weekly lows few hours back but fifth wave can still be underway towards 0.7550 where pair may look for a support, as we will expect a three wave bounce early next week.


intraday audusd

Today we will also get employment data from Canada, where wave structure is very clean. We see bearish impulse in progress down from 1.3340, while current bounce in three waves can be wave four that may look for a resistance near 1.3015/1.3030. A new leg down will be expected from there.


intraday usdcad


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

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