Dynamic support has been broken and judging by how well price is trending here in this channel I would say it is just a matter of time until 0.92 will be broken.....so, long story short, stay on the short side until 0.92 is reached and then prepare for the upper part of the channel to come...
I would say usdcad is more bullish than audusd is bearish so those flows will come to influence this pair as well.
Make no mistake the main event markets are looking for is NFP this Friday, and not the FOMC this Wednesday. Watching for more clues.
I would say usdcad is more bullish than audusd is bearish so those flows will come to influence this pair as well.
Make no mistake the main event markets are looking for is NFP this Friday, and not the FOMC this Wednesday. Watching for more clues.