Weekly Perspective (Ozzie Canadian Dollar)
Updated
Hey Guys,
The pair heads its way towards the north with a strong bullish engulfing candle inside the channel reverses the downside risk. Softer AU CPI adds to softer commodity export prices and weighs on AUD,limiting any rebounds.RBA policy remaining on hold for a prolonged period is also underscored by low core inflation.Recent CAD weakness may turn as Trump’s focus turns from tinkering with trade tariffs to focusing on tax reforms without Border Tax Adjustment.Oil may stabilise as OPEC arrange to meet to discuss extending production cuts.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
The pair heads its way towards the north with a strong bullish engulfing candle inside the channel reverses the downside risk. Softer AU CPI adds to softer commodity export prices and weighs on AUD,limiting any rebounds.RBA policy remaining on hold for a prolonged period is also underscored by low core inflation.Recent CAD weakness may turn as Trump’s focus turns from tinkering with trade tariffs to focusing on tax reforms without Border Tax Adjustment.Oil may stabilise as OPEC arrange to meet to discuss extending production cuts.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
Note
weekly perspective 15-may-19-may 2017.Note
Long setup tradingview.com/x/aJd5am
Note
long setup 
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