AUD/CAD to push lower towards the 0.87/0.88 zone in coming weeks – Westpac
- ByFXStreet-
AUD/CAD firmed to 11-month highs of 0.9535 in early April but has since hit the skids, trading below 0.90 into mid-May. In the view fo analysts at Wes
Symbol | Exchange | Currency |
|---|
AUD/CAD firmed to 11-month highs of 0.9535 in early April but has since hit the skids, trading below 0.90 into mid-May. In the view fo analysts at Wes
AUD/CAD slide extends back to early 2022 low at 0.8910. A break below here would open up additional losses toward low-0.88s, economists at Scotiabank
AUD/CAD has straddled a 6.8% price corridor since the start of the year. Advancing beyond Kijun resistance at 0.9283 should encourage a positive MACD
The most anticipated event risk this week was the March U.S. non-farm payrolls report. Nearly 1 million jobs were created, the most in seven months. Economists were looking for...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Buy | Strong Buy | Strong Buy | Sell | Strong Sell |
| Technical Indicators | Strong Buy | Strong Buy | Strong Buy | Strong Sell | Strong Sell |
| Summary | Strong Buy | Strong Buy | Strong Buy | Strong Sell | Strong Sell |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Emerging Patterns | |||||
| Shooting Star Gap | 1H | Current | |||
| Completed Patterns | |||||
| Three Inside Down Bearish | 5H | 4 | May 20, 2022 05:00 | ||
| Engulfing Bearish | 1H | 6 | May 20, 2022 22:00 | ||
| Three White Soldiers | 1H | 14 | May 20, 2022 14:00 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Sat, May 21, 2022 | ||||||
| 03:30 | CAD | -14.50K | -5.40K | |||
| 03:30 | AUD | -44.60K | -41.70K | |||
| Current Rate | 0.35% | |
| Chairman | Philip Lowe |
Bank of Canada(BOC) | ||
| Current Rate | 1.00% | |
| Central Bank Governor | Tiff Macklem |