I still have a long-term bearish outlook for AUDCAD but I do see two ways of getting there.
1) A regular three wave corrective pattern going up into the upper blue-green box and from there price will fall significantly.
2) Instead of a three wave pattern we could deal with a triangle corrective move and we just started the wave D which will be followed by a wave E before going down to finally start the last move down for the corrective move that has been going on for years.
1) A regular three wave corrective pattern going up into the upper blue-green box and from there price will fall significantly.
2) Instead of a three wave pattern we could deal with a triangle corrective move and we just started the wave D which will be followed by a wave E before going down to finally start the last move down for the corrective move that has been going on for years.