Australian Dollar and Canadian Dollar Technical Outlook

Australian Dollar Technical Outlook

The AUDUSD has satisfied minimum bullish expectations having exceeded .7022.

Still, the objective remains closer to the October 14th high / 38.2% of the decline from .9856; at .7256 (or higher). Near term, the pair could correct along with the other USD pairs. Support begins at .6859.

Canadian Dollar Technical Outlook

The drop below 1.2120 satisfies minimum expectations for the decline from 1.30. It is still possible that the USDCAD drops below 1.1459 in order to complete a larger 4th wave. It is also possible that a smaller second wave is complete or nearly so.


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