FX:AUDCAD   Australian Dollar/Canadian Dollar
36 1 0
Tayfur do you think as the price decline from Oct to present is at the .78% fib from the Aug uptrend of this year that maybe a bearish ABCD pattern is setting up in the way of zig zag or butterfly. My Elliot wave theory is rusty. I use a simple three riser or three drop before looking for a change so I would see iii and v plus your final drop as my three drops, being said I would expect the .9420 range to hold, then head back to top trend line and see if it breaks out to form one of the above. Cheers. Kate
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