AUDCAD - POSSIBLE BUY - COT REPORT - SEASONAL

AUDCAD is currently trending between this daily channel and resisting the 0.618 Fib Level. We are looking for the next push to the upside. COT Report is favoring the buy with AUD adding on more long orders. Looking at the Data, CAD is overall neutral in direction. I would say there is not enough data shown to give an overall direction for this currency.

Seasonals are favoring the buy with AUD strengthening in the month of October while CAD is known to gather bearish momentum!