Long if RBA doent cut rates and short if RBA cut too much than e
If RBA doesn't cut rates + oil market is coming down and china is doing well; there is a decent opportunity to long AUDCAD,especially if it breaks weekly highs.
Shorting AUDCAD also can be considered if RBA cut interest rate more than expected and sounds dovish irrespective of Oil market. if China data shows further contraction; this would add confidence to a short position.
Very good technical area for both longs and shorts as per traders conviction
Shorting AUDCAD also can be considered if RBA cut interest rate more than expected and sounds dovish irrespective of Oil market. if China data shows further contraction; this would add confidence to a short position.
Very good technical area for both longs and shorts as per traders conviction