HuracanFX

AUDCAD SEEKING BEARS AHEAD OF CAD CPI yy/MM sa

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD currently on a bullish run, however rejection candles are showing signs of bearish notes, this could signal bears are wanting to regain control from market once again.

CAD Fundamental news will allow us to take directional trades and if price action prevails ; respecting the bearish trend, a decent setup is possible

Long until resistance is tested again at 0.95860 and then look for short positions.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.