Wednesday, March 28, 2007

AUD/CAD - 4 HOURS CHART
WAVE 5 TOP IS NOT CONFIRMED YET...



AUD/CAD made the strong 5 wave up which began at 0.8117 in June 06. Current high of 0.9449 which i labeled as the top of Wave 5, but not confirmed yet. A break below 0.9264 will confirm the 0.9449 is the Top of Wave 5 and it'll lead to the 0.9048 as the Wave A where itll begin the corrective wave from 0.8117 to 0.9449. If it cracks 0.9449 will lead upto further extension of Wave 5 and it'll test 0.9600 mark.