This week is going to be less chaotic than the last weeks. I expect certain movements in price this week. Wish you all the best.
2AUDCAD
Trend: EMA50 > EMA100 > EMA200 àUptrend
Price just bounced off Fibo 0.23-level. I’d expect price to go down to 1.0000. Place a buy-stop here. If price breaks through 1.0160 buy here. Put your stop-loss below the trendline and trail it there.
Seasonal: 57% up, avg 85 pips up and 88 pips down.
COT-Analysis
AUD gained fundamentally in strength. The index of the commercials gained 16 (104 weeks) to 42 points (13 weeks). So AUD is still strong and price will rise.
