AUD/CAD Analysis: Current Outlook plus fundamental

Here's a simplified analysis for AUD/CAD:

Long-term view from the weekly chart indicates a bearish trend.

Mid-term perspective on the daily chart shows a broken bullish channel, replaced by a bearish one.

Considering fundamental factors:
Escalating tensions in the Middle East may increase the chance of the Beijing-Taipei conflict, potentially impacting AUD negatively.
Long-term, increased oil prices due to these middle-east tensions may favor CAD.
Given these factors, AUD/CAD is more likely to maintain a bearish trend over the long term.

Stay informed for further developments.

Best regards,

Trade active

Trade closed: stop reached