AUDCAD ahead of the Australian CPI q/q
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.
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.
