AUDCAD: Another Update Ahead of The CAD Employment Data

AUDCAD: Another Update Ahead of The CAD Employment Data

After AUD tested an old area of support where it was during the previous month as we can see on the daily chart the price stopped and it is already showing strength.

Also during the previous week, AUD didn't stop the bullish volume despite CAD being still strong.

I am expecting only any slight bearish movement so far before the price will resume the next bullish wave. This is support also by the old daily support zone where we can see that the buyers are well positioned there.

You may find more details in the video!

Thank you and Good Luck!

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