AUD/CAD. AUD is plummeting

FX:AUDCAD   Australian Dollar/Canadian Dollar
After testing the level 0,91000 Australian currency reversed and started falling down. We might expect that the downtrend will go on.

Technical analysis

Trend indicators are heading down
MACD and DMI lines are confirming the bearish trend: MACD lines and DMI lines intersected
Parabolic SAR is ready to reverse
The target may become 0,89000

Fundamental analysis

The most important news next week is:
RBA meeting minutes. Tuesday 12-30 a.m. GMT
Canadian CPI and core CPI . Wednesday 13-30 p.m. GMT
Core retail sales in Canada. Friday 13-30 p.m. GMT


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