AUDCAD - BEARISH BIAS
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MARKET OUTLOOK
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AUD - BEARISH
1️⃣ For the coming week, the highlight for the AUD will be on the Reserve Bank of Australia (RBA) rate decision due Tuesday. Because of the low inflation profile, the Bank is unlikely to adopt a hawkish tone in its statement on Tuesday
2️⃣ Meanwhile, rising tensions between China and Australia are likely to remain the major idiosyncratic challenge.
CAD - BULLISH
1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD. The loonie also was supporting by rallied oil prices.
2️⃣ Canada has started to expand its vaccine distribution, currently vaccinating as many individuals as the United Kingdom and the United States every day. This helps to bolster the Canadian economy positive growth narrative.
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TECHNICAL
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- We're shorting this pair at SBR on M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
MARKET OUTLOOK
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AUD - BEARISH
1️⃣ For the coming week, the highlight for the AUD will be on the Reserve Bank of Australia (RBA) rate decision due Tuesday. Because of the low inflation profile, the Bank is unlikely to adopt a hawkish tone in its statement on Tuesday
2️⃣ Meanwhile, rising tensions between China and Australia are likely to remain the major idiosyncratic challenge.
CAD - BULLISH
1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD. The loonie also was supporting by rallied oil prices.
2️⃣ Canada has started to expand its vaccine distribution, currently vaccinating as many individuals as the United Kingdom and the United States every day. This helps to bolster the Canadian economy positive growth narrative.
=====
TECHNICAL
=====
- We're shorting this pair at SBR on M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
Transaction en cours
Note
❌ TRADE HAS HIT STOP LOSS-15 PIPS
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.