Tools used:

chart indicator- Bollinger (20,2,2);

trendlines;

fibonacci levels; &

vertical line (forecast date).

Thereafter, I draw with polyline such that the price moves like "elliot" wave movement & then remove the shapes.


















From weekly (top) chart, price looks to be shifting upwards nearing upper bollinger.

From daily (bottom) chart, price currently above 50% fib-level working towards diagonal trendline.



I'm anticipating a reversal from that trendline to continue downwards.

My expected target on 1st October for AUD/CAD: 0.9540.
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