In Weekly and Daily time frame, the price has rejected from the Weeky resistance strongly and the resistance area falls on FIb level 0.618. Thus, believe that the price will be pushed to the downside accordingly.
Move to COT report, the data of both AUD and CAD has shown a weak power but Aud is weaker that CAD eventually. Thus, based on our combining between technical analysis and COT report perspective, AUDCAD will be bearish next week.
Kindly take note that my analysis is based on COT report and technical analysis .
Also, we always reacting to the market instead of predicting the market.
Move to COT report, the data of both AUD and CAD has shown a weak power but Aud is weaker that CAD eventually. Thus, based on our combining between technical analysis and COT report perspective, AUDCAD will be bearish next week.
Kindly take note that my analysis is based on COT report and technical analysis .
Also, we always reacting to the market instead of predicting the market.