E Analysis: AUD/USD And USD/CAD

Commodity currencies are still strong with AUD and CAD showing strong gains against the US dollar. We see AUD/USD still in bullish mode for wave 5 rise up to around 0.7600, while USD/CAD is seen in wave three within five wave decline that may extend down to 1.3100.

USD/CAD, 1H

AUD/USD, 1H

 

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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