AUDUSD is also in a triangle consolidation pattern. We will soon see the completion of wave C, with a D and E wave to follow for a complete full pattern completion.
On this pair we would also stay aside until the pattern is completed. 4 waves can be long in time and for traders it is crucial to stay patient and not be pulled in to trade until the structure is completed. Often, trading of the 4 waves causes lots of bad trades and affects traders’ confidence.
AUDUSD 1h Elliott Wave Analysis
USDCAD is still in the process of making its signature on potential lows. We have seen a sharp upward price action last Friday with a current choppy price action. For now, we have marked the end of the wave 4 on our charts. Nevertheless, we would like to see more upside confirming price action on this pair to confirm this anticipation.
USDCAD 1h Elliott Wave Analysis
