workingtraders

$AUDCAD - Poloz strikes a Hawkish Tone

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Technical on the chart :


Fundamentals:

Data has been mixed at best. The interesting thing for me is BOC tone is increasingly positive.

Recent statement :

Poloz expects a recovery in the current quarter and is global growth signs are unambiguously good for Canada


AUD increasingly facing pressure of a rate cut. Makes this pair an interesting trade.




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