AUDCAD: Bearish Divergence at Last Week's High
This is a pair I'v been looking to short again for awhile now due to the trend and now i'v got some Bearish Divergence to justify entering and the nice extra bonus from the news of the US Trade Deficit Increasing. I think this will stir up more demand for the CAD against alot of other Currencies but more particularly against the AUD.
This may also put downwards pressure on the price of US Oil but thats for an entirely different trade.
This may also put downwards pressure on the price of US Oil but thats for an entirely different trade.
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