AUD CAD - Long1. AUD CAD broke the resistace level around 0.91376 after forming a bulllish rectangle.
2. A long position can be considered with stop loss around 0.9440 and TP around 0.91300
3. Bank of Canada has reducded the interest rate to 4.75% from 5% This indicates that central bank has dovish stance.
4. Australia central bank has hawkish stance as interest rate remained same at 4.35%