Ausse Loonie PNF outlook

18 May 2014

The primary wave pattern shows, that the Aussie should on the verge of completing its 5 EW pattern against the CAD$. Therefore a final rally of around 400-500 pips can ensue completing this pattern. In the meantime a minor correction, before the final wave up, should be on the onset. Having said this, the count of 1.062, remains not activated and a break above a value of 1.030 would be required for its activation. Also there could be lack of final upward thrust, which could lead to a truncated 5th wave.