More Aussie And Cad Weakness, Then Reversal

Technical analysis of Forex market

AUDUSD and USDCAD remain bearish to complete a higher degree wave C. Both are seen in fourth wave set-backs at the moment, so be aware of more Aussie weakness down to 0.6950 area after possible retest of 0.7050 resistance, while USDCAD can be on the way up to 1.3530/50 area where bears may wake up.

Once AUDUSD will complete current wave C of a corrective decline, I will start looking for a turn to the upside and possible long set-ups in May.

– advertisement –

Signal2forex reviews