AUDCAD - NEXT MOVE - COT REPORT - SEASONAL DATA

AUDCAD has recently experienced bearish pressure as we can see from the bearish trendline on our chart. Last week's COT report showed signs of possible bullish movements in the week ahead for the AUD. This lines up perfectly alongside our seasonal data as we expect a bullish rally for the AUD across the month of October. Looking at CAD, the COT report showed an increase in short orders.

Plan of action - I favor the upside however we must see how price action respects our zone or not.