Razvan

AUDCAD - Pattern after Pattern

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
3
The price patterns are coming one after another. The price is heading for the first target zone( formed from the target of the rising wedge and the smaller broadening wedge ). If hit, it would trigger the H&S pattern, with the target just under 1.0000, near the bottoms from 0.99. Keeping in mind the that the RBA Governor said that the minim boom could get to its top earlier than 2014, the technical could predict a further drop for the Australian Dollar.

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