This is our forecast for AUDCAD . As mentioned before, we believe the Aussie dollar will have strong upside across most Aussie pairs. On the AUDCAD , we can identify the regular flat structure and it is projecting upside from here. The larger structure is in the form of a 3-3-3 regular flat. Our "A" and "C" waves look quite similar which is a good sign. On the smaller timeframe, we will be looking for long setups to enter and hold to our long term target of 1.08.
I would love to hear what you guys think so feel free to comment and share this with others to discuss different views.
Trade with care!
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