Looking to short AUDCAD at technical level 0.946x
Technical analysis details on the chart. Fundamentally I'm waiting for the RBA meeting minutes this week to offer clues on further easing prospects. Upcoming weeks will see traders question the logic behind the RBA's surprise reduction of the cash rate to a record 1.75 percent. This unprecedented move either signals the start of longer term easing or may be a precautionary once off decision.
