Hey traders, Based on the recent CPI data we can understand that the market is calling for a pivot, soft CPI data tend to give us a bullish stock market and the AUDCAD pair along with NZDCAD is extremely correlated with indices, which means when we have bullish bias on indices we can consider AUD and NZD pairs longs, especially against USD and CAD and you can notice this correlation in current market.
hence, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.876 zone.
remember to respect proper risk management especially in this type of environment. 1% risk per trade will allow you to not get knocked from the market if you respect a proper RR too.
feel free to leave your questions in the comment section.
hence, in today's trading session we are monitoring AUDCAD for a buying opportunity around 0.876 zone.
remember to respect proper risk management especially in this type of environment. 1% risk per trade will allow you to not get knocked from the market if you respect a proper RR too.
feel free to leave your questions in the comment section.
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