Last week, I published a short setup and a trade I'm actually in on this pair and a fundamental analysis also. As I expected, market met my expectation.
Rising oil is a big red flag for the FED, so they keep the monetary policy tight and hawkish to avoid rising inflation and it affects the CAD currency
BoC interest rate decision is scheduled at the end of the month with a potential 25bps rate hike that could be the last one. Canada's economy is not performing well and unemployment is expected to rise a little bit
I'm moving my stop just above the flag pattern
Also check out my AUDCHF setup on my profile, market also met my expectations
More AUD downside
Rising oil is a big red flag for the FED, so they keep the monetary policy tight and hawkish to avoid rising inflation and it affects the CAD currency
BoC interest rate decision is scheduled at the end of the month with a potential 25bps rate hike that could be the last one. Canada's economy is not performing well and unemployment is expected to rise a little bit
I'm moving my stop just above the flag pattern
Also check out my AUDCHF setup on my profile, market also met my expectations
More AUD downside