AUDUSD keep its downward direction now close to the 1.618 projection of the 3 wave in the 3 wave of the larger degree. According to the count we see a possible pullback soon but just a corrective one in its nature before we resume lower levels.
Comments from the RBA from last night imply they are welcoming lower levels of AUD.
Elliott Wave Analysis – AUDUSD 1h
We have to change a bit our bullish count on USDCAD. It didn’t retrace in the wave 4 in a flat corrective move down yesterday. Instead we pushed up and now approaching the 1.618 levels which are usual levels where we can see corrective pullback.
Elliott Wave Analysis – USDCAD 1h