AUDCAD Bullish Butterfly
Trading the completion of the CD leg. Short.
Once target is reached we could trade to the upside (long) if & when bullish confirmation is observed.
Bearish bias for the Australian dollar seems well entrenched for the present - low in iron ore price, sentiment inferring a dovish RBA cutting rates at the next meeting, AUD down across all the majors
Once target is reached we could trade to the upside (long) if & when bullish confirmation is observed.
Bearish bias for the Australian dollar seems well entrenched for the present - low in iron ore price, sentiment inferring a dovish RBA cutting rates at the next meeting, AUD down across all the majors
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