As we have all seen Audusd has maintained a bearish momentum this past week and as i believe it will continue lower as it has yet to create an engulfing on the 4hr to signal a change in momentum yet on the 15min it needs to create a minor pullback to at least the 38 percent handle 74pip trade
Usdcad has failed to create new highs and new lows ranging in price since april 25th based on a daily prices has created a LH after a break of structure indicating the cad to gain momentum in the coming days . My overall analysis has chosen to keep this mind only initiating sells in a range.
prices found support at current levels as we seen market exhaustion at 3 different points were prices failed to break lower possible retracement before rallying up
Usdcad - From November 1st up until December 15th market price has settled at a level of consolidation respecting the Elliot 5 wave structure. based on a daily structure, market is currently bullish at a resistance level, with a possible chance of breaking lower one last time. (backtest).
