Aussie Vs Loonie (AUD/CAD) Trade Strategy and Plan

FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Traders sold the Aussie like no tomorrow when the minutes of RBA's meeting indicated members expected another rate cut in November.
We are worried about Australia's major trading partners ' economic slowdown; contraction in housing construction activity; outlook for consumption; wage growth; inflation ; and domestic growth. Ultimately, the latest papers point out that when they meet next, RBA leaders will slash their rates in February.

Trade tensions in the U.S .- China pressured crude oil prices and lead it to fall lower further. Also, Russia isn't inclined to cut production more deeply at the December 5 OPEC meeting and that means the market is likely to remain oversupplied in early-2020.

Carolyn A. Wilkins (Speech):
The market is focusing on the line that there is 'room to maneuver'. Don't think she's sending a signal here but any time there is the talk of cuts (and QE ), that's the knee-jerk. USD/CAD touched a session high of 1.3264 from 1.3230 before the comments and AUDCAD had an effect too.

Canada also did not publish outstanding posts. Canada’s manufacturing sales took a step back in September. CPI reports (Nov 20), Poloz Speaks (Nov 21) and Retail Sales (Nov 22) will clearly provide additional optimism or pessimism hint to traders for the loonie. Positive turn in global risk sentiment may also help traders to think to get out of safe havens and into risk currencies like the Loonie. Flash manufacturing and services PMIs (Nov 21) from Australia should be taken care of. We should take this information in mind throughout the week if we trade in this cross pair or any Aussie or Loonie being as base or variable (counter).
Comment: Canadian inflation holds steady at 1.9% in October, remains on target.