Expanded flat (ABC)

SGD has been holding up relatively well compared to other Asian currencies (RMB, JPY, ringgit etc) against USD over the past few years. It is one of the strongest currency in Asia, but not for long.
Based on my analysis, USDSGD is in the 1,2 formation of the white C wave as depicted in the chart. USDSGD is the midst of completing the C wave of an expanded flat (ABC) commencing from 1994. One characteristics of the C wave of an expanded flat(ABC) is it takes the longest time to complete among the three waves.

As depicted in the chart, a 2.0 extension will target wave 3 of the impulsive wave at 1.84, a 1.618 extension will target wave 4 at 1.74 and a 2.618 extension will target wave 5 at 2.0.

A 0.618 retracement of the red wave (A) is at 1.96 and a 1.618 extension of wave A of the "potential" expanded flat (ABC) will target wave C at 2.0

A confluence of the above three analysis all points to 2.0 as the end price for wave C.
That's the beauty of Fibonacci and Elliott wave !!!

The question now to ask is the wave 2 of the wave C completed ? Based on previous analysis on DXY, it should be. But then again, let the market do the talking !