CyclicalWaves
Short

AUDCAD; Mighty Resistance Ahead

FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
This pair is most probably in a C wave of an ABC corrective structure which is carving out in a bearish Bat pattern. In the shown area, an Inverted AB=CD pattern also completes which adds to the selling pressure which might arise in that area.

We expect that after a pullback within the 4th wave of the C wave of the final C wave, price will ultimately reach that zone wherein we will expect the bears to return in full force.

Good luck,

Cyclical Waves Group
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