AUDCAD: Aussie bombing, Oil prices rising
Aussie is performing really badly and though CAD suffered on Friday due to the unemployment data, I think it will show strength due to the rising price of oil (which looks set to continue).
We're in a bearish downtrend that I can't see stopping soon, so looking for shorts around 0.882 - 0.885.
We're in a bearish downtrend that I can't see stopping soon, so looking for shorts around 0.882 - 0.885.
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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.