capitalpropertiesfx

AUDCAD ahead of the Australian CPI q/q

FX:AUDCAD   Australian Dollar/Canadian Dollar
139 0 2
As trend has been to the downside since April this year, I'll only focus on the bearish scenario.
I really like the fact that we have a reached a major confluence area on Daily chart and to push higher from here, AUD needs a really good inflation figures. But that is not very likely... Hence looking lower from current levels.

PS. Don't forget that Bank of Canada is tomorrow.
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