jamsterfd
Long

Wave and Harmonic pattern analysis of AUDCAD

FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
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In the past couple of weeks, we have seen a strengthening of CAD against multiple other pairs and against the AUD we have seen a clear Harmonic pattern , as well as a Wolfe Wave pattern, appear confirming the last point indicating that there could be a possible reversal.
The bullish butterfly pattern still has some variability which could continue down to the previous low seen at the end of last year. But with the Wolfe wave pattern, if we see a reversal and close back up within the wedge pattern we could be seeing a change in trend.
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