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What could happen the next 4 years if the direction continues.
A continuation Trade down to the next support level.
Push down to support if we see some usd strength.
Rand will loose value after this devastating attempt of the ANC to gain votes by stealing Land off Farmers.
Long after the Triangle pattern is completed to upper Trend line.
Expect the correction to hit the 127Fib extension mark before going down another 50 pips.
Small Short before it goes long longer term.
AUDCAD hit a strong support line. Bearish Butterfly on the Daily.
Pitchfork Bounce to the 75% line
A long after completion of the Gartley. Price will get the bottom line of a Ascending Triangle then long.
When Gartley is completed price will bounce off the trend line at 1.754 and the long to 1.98