Fundamentally USD is gaining strength back and it will strengthen due to rate hike expectation.
CAD is more of a bearish mode due to total economic condition and also due to plunging in oil price.
Technically this also gives us a great opportunity to go long. I'm looking into Daily chart with Heikin Ashi candle. The price action is about to reverse from 1.3200...
I'm looking for shorting AUD/USD this week from both Fundamentally and Technical Perspective
Fundamentally AUD is weak because is too hawkish on RBA and most of the recent news came worse than expected. The recent gain is very likely because of the commodities rally but that should be short lived.
On the other hand, USD should gain its strength due to rate...
