AUD - BEARISH
1️⃣ Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying tomorrow in a bid to boost Australia’s post-lockdown recovery.
2️⃣ China banned imports of Australian timber from Queensland over the weekend.
CAD - BULLISH
1️⃣ Canadian economy grew by 1.2% over a month earlier in August, marking the fourth consecutive expansion and beating market forecasts of a 0.9% gain.
2️⃣ Risk-on market sentiment.
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TECHNICAL
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- We would like to sell this pair on SBR level + SMA50 area on H1 chart.
1️⃣ Australia’s central bank is expected to cut interest rates to a fresh record low, reduce its three-year yield target and unleash further bond buying tomorrow in a bid to boost Australia’s post-lockdown recovery.
2️⃣ China banned imports of Australian timber from Queensland over the weekend.
CAD - BULLISH
1️⃣ Canadian economy grew by 1.2% over a month earlier in August, marking the fourth consecutive expansion and beating market forecasts of a 0.9% gain.
2️⃣ Risk-on market sentiment.
=====
TECHNICAL
=====
- We would like to sell this pair on SBR level + SMA50 area on H1 chart.
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