AUDCAD-broke consolidation area and bouncing from it

268
Last weeks this pair has been bouncing between a consolidation area.
Now the price has broken the low and is bouncing from it.
Fundamental analisis:
Yesterday the deputy Governor of the RBA commented that reducing interest rates “would be effective.” This was from a speech made at a bankers dinner and the Aud has now broken multi year lows so we could be on for a BIG drop here.
Happy Trading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.