I am bullish on AUDCAD as recent economic data supports a stronger Australian dollar. Australia’s economy benefits from rising commodity prices and resilient economic performance, while the Canadian dollar faces headwinds from softening oil prices and weaker economic growth. Technically, AUDCAD is showing bullish momentum, with higher highs and lows forming on the daily chart. These factors combined point to further upside potential for the pair.
I don't mind shorting at supply zones downwards too.
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.