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.