Sforex

Quick snapshot: Loonie + Aussie : I saw the breakout

FX:AUDUSD   Australian Dollar / U.S. Dollar
1
Check related Ideas: I said about breakout regarding to Loonie and Aussie.

And now I see the breakout has happened.

USDCAD exceeds the bearish trend line I draw on the chart ; I expect the trend continues this week.

Canada data:
+ IVey PMI
+ Employement report.

Negative data could send more fuel for USDCAD to rally.

AUDUSD also break the support 0.7580, I expect it falls to 0.700 in the long term.

Australia data:

+ Australia employment report.
+ RBA Minutes.

Negative data + verbal intervene could drag Aussie lower.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.