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Aud-cad-buy

AUDCAD and FOMC, what is the link between the two?Hey Traders, Today we are coming across an important event which is the FOMC, so what is the link between the rates decision and AUDCAD? the rates decisions have an impact on the AUDCAD since the american indices have a positive correlation with AUDCAD, if the meeting today is dovish that means we will have more of a week Dollar, Bullish indices and high probably AUDCAD upsides, in case Fed surprises us with some hawkish comments due to banking sector crisis that will give us more of a strong Dollar, bearish indices since USD and indices are negatively correlated and more probably downsides on AUDCAD. Technically we are watching a retrace of a potential breakout that is more likely to happen if we have a dovish statement (0-25 bps) followed by fed speaking (dovish comments). Feel free to ask any question in the comment section!
Long
by JoeChampion
8
AUDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.91, as we noticed in the chart we are approaching an important demand zone on Daily time frame so we will see how the price action will be once we reach it. i want also to confirm this trade by taking a look at the stock market, especially American indices as they correlate positively with the AUD... so if we notice any bullish bias on indices that should be a good confirmation for this trade. Trade safe, Joe.
Long
by JoeChampion
15
AUDCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity AUDCAD . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by BULLSS1993
20