FX:AUDCAD Australian Dollar/Canadian Dollar
Analysis on chart.. weight of evidence suggests lower prices
I Short this thing with two bullets: (1) @ 94384 -and other- (2) @ 95108. REASON = Trend is still down. I think that this market should continue lower despite the fact that the situation seems a deadlock. CAD looks getting beaten by USD, due to the oil Factor. AUD showed some strength against USD last week, but still remains in a down trend( Down TL was broken last week) but I'm yet to see a realistic buying pressure(fewer bars and less convincing follow through) to make me go long further from here. CONCLUSION = AUDCAD IS RANGE BOUND.