AUD/CAD Weekly Elliottwave 5/23/2015 Update
Weekly chart remains bearish. Rally to 1.0783 ended wave ((w)) FLAT. A multi-month wave ((x)) pullback is now in progress to correct the rally from (b) low at 0.765 - ((w)) high at 1.0783 towards an ideal target of 0.833 - 0.8716.
Wave ((x)) pullback is unfolding in the form of a double corrective structure (w)-(x)-(y) where wave (w) ended at .9175, wave (x) ended at 1.035, and wave (y) is currently in progress towards 0.9096 - 0.933 to complete red wave w.. Once red wave w is complete, the pair should bounce in red wave x before the decline resumes again towards 0.833 - 0.87
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Follow this pair & others at Twitter: cmellon1976
Website: elliottwave-forecast.com/amember/go.php?r=2670&i=l1
Email any inquiry to hendra@elliottwave-forecast.com
Wave ((x)) pullback is unfolding in the form of a double corrective structure (w)-(x)-(y) where wave (w) ended at .9175, wave (x) ended at 1.035, and wave (y) is currently in progress towards 0.9096 - 0.933 to complete red wave w.. Once red wave w is complete, the pair should bounce in red wave x before the decline resumes again towards 0.833 - 0.87
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Follow this pair & others at Twitter: cmellon1976
Website: elliottwave-forecast.com/amember/go.php?r=2670&i=l1
Email any inquiry to hendra@elliottwave-forecast.com
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