AUDCAD, Monthly forecast.

FX:AUDCAD   Australian Dollar/Canadian Dollar
I will be shorting AUDCAD due to the interest rate differential between AUD & CAD. I think that the AUD will be a good currency to short due to their interest rate of 1.25% I paired the AUD with the CAD which has a 1.75% interest rate. I will be looking for fundamentals to support a weakening AUD while I hope to see fundamentals signaling a stronger CAD. I'll be attempting to scalp and swing trade until around 0.84818 around that point I would have to determine if anything has changed primarily interest rates if they remain unchanged if price happens to come around 0.84818 level I would most likely stay short however if interest rates began changing at a late date I would have to revise this and perhaps change my forecast however for now I will have my targets set on the 0.84818 level and hope to see the AUD fall as well as the CAD rise primarily due to the interest rate differential.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out