AUDCAD has been in a longer term down trend , with last week seeing a break of the head and shoulders pattern to hit the .938 TP.
We are seeing AUDCAD now in a wedge consolidation around the .95 area, prior to a move to the downside to retest the .938 zone.
Once the consolidation has bound up, a good area for a sell stop, with the SL around the .95 area and TP...
Buy FX:USDCAD into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :)
Buy 1.3170
Stop 1.3140
Target1 1.3430
Target2 1.3670
Target3 1.3830
