-550 Points Result Reached in AUD/CAD Buy Signal

AUD/CAD Analysis :

AUD/CAD has broken the top level of the downtrend range in H1 Chart.

After breakout, AUD/CAD Buy signal is given.

AUD/CAD went upto +400 Points but doesn’t reach our Target 1.

AUD becomes too weak due to the fundamentals of Australian Economy.

Today Australia’s Home Loans (MoM) published negative result of -0.9% from 0%

Due to this fundamental negative news release Australian Currency AUD becomes very weak in short term.

This is the reason for AUD/CAD to reach our Stop Loss price.

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Forexgdp Team.

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