© Dukascopy Bank SA
Currently, AYD/CAD is close to reaching the 0.94 level and that might be the case, as the daily and weekly S1s were approached yesterday. The majority of the daily technical studies are also bearish, while the 4H and weekly ones are neutral. Moreover, the market participants expect the Aussie to continue depreciating against he Canadian counterpart, at least that is what is suggested by the opened positions, as 58% of them have opened short positions.
© Dukascopy Bank SA