Alright Traders, here is something to think about:
Forecast -> Down Move
Technical: The belief is that it is forming a daily flag atm which can be a confirmation of the flat (yellow abc). The formation of an head and shoulder could be in play too.
Fundamental: In this coming week AUD and CAD news can be a catalyst for the move down (investing.com)
Logical: In order to sell the pair we are needing buyers in play. Do we have enough buyers for us to sell? or Big players need more for their big orders?
Let see how it goes. Good luck
Forecast -> Down Move
Technical: The belief is that it is forming a daily flag atm which can be a confirmation of the flat (yellow abc). The formation of an head and shoulder could be in play too.
Fundamental: In this coming week AUD and CAD news can be a catalyst for the move down (investing.com)
Logical: In order to sell the pair we are needing buyers in play. Do we have enough buyers for us to sell? or Big players need more for their big orders?
Let see how it goes. Good luck