Alright Traders, here is something to think about:
Forecast -> Down Move
Technical: The belief is that it is forming a daily flag atm which can be a confirmation of the flat (yellow abc). The formation of an head and shoulder could be in play too.
Fundamental: In this coming week AUD and CAD news can be a catalyst for the move down (investing.com)
Logical: In order to sell the pair we are needing buyers in play. Do we have enough buyers for us to sell? or Big players need more for their big orders?