Like other AUD pairs, due to the recent AUD fundamentals about slow wage growth and increase in household debts, the pair is more likely to fall soon. Rising tensions from the trade war will mess up the markets, and it all will initiate with this pair. It is respecting the 100-period TEMA
perfectly and it is also providing good resistance. Following my AUDCAD
forecast, I expect this one to go down as well.
Although it's a quite week for AUD fundamentals,tick to the fundamentals for further analysis.