Snehath

How to trade AUDCAD with the AUD rate tomorrow

FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
The first Tuesday of the month usually has the AUD rate call.

There is some expectation of a rate cut on the AUD. However we see a good opportunity to long AUDCAD at around 0.95.

In addition to being a round number there is a bat pattern at this level and also an M30 pattern as well.

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