AUDCAD Forming Multi-Year Bottom

The AUDCAD correction from .9515 looks complete as does the smaller correction from .8751. The weekly chart analysis from a few weeks ago touches on this and can be found at AUDCAD. Near term, a bullish bias is warranted against .8510 (longer term?against .8271) and the bullish objectives are not until .9681 and 1.0531 (100% and 161.8% ext. of .8119-.9514/.8271). This rally is expected to play out for the next 8 months/year.