AUDCAD: Weak CAD, need a pullback for an entry
Canada's inflation is well below 2%, and with GDP underperforming at 1.7% annualized, the time to cut rates from 5% could be this Wednesday.
If this doesn't happen, we could see a snapback in the market near the 0.9050 area, which would be a good potential entry.
Australia's inflation rate is 3.4%, so no rate cut coming soon.
NO TRADE
Trend: Bullish
Momentum: Bullish
Japanese Candlestick Pattern: Bullish Engulfing on 4/22
Chart Pattern: Bullish Channel
Support and Resistance: 0.8600, 0.9000, and 0.9350 are all in play near-term.
If this doesn't happen, we could see a snapback in the market near the 0.9050 area, which would be a good potential entry.
Australia's inflation rate is 3.4%, so no rate cut coming soon.
NO TRADE
Trend: Bullish
Momentum: Bullish
Japanese Candlestick Pattern: Bullish Engulfing on 4/22
Chart Pattern: Bullish Channel
Support and Resistance: 0.8600, 0.9000, and 0.9350 are all in play near-term.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
For more analysis, signals, education, and more sign up for Forex Forecast. It's free.
positionforex.com/join-forex-forecast/
positionforex.com/join-forex-forecast/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.