As we can see AUDCAD has rebounded above the poisedon Warning line testing the Middle Bands @ 0.98730 as i write this
0.97016 -0.99097 back dwn to 0.97468= wave 2 giving a projection of the 61.8% and the miiddle bollinger bands
as i stated earlier the orginal course is up from a weekly prospective where prices are holding the 0.9807 weekly Pivot point support wave 2 heading up into a wave three from a weeekly view. The Other Scenario is the sell short in anticipation of a possable break dwn wards out of poseidon from the ABCD sell if certain price breaks where met.
News expected from the AUD is
The CB Leading Indicators Index measures overall economic health by combining 8 indicators such as building permits, new orders, money supply, average workweek.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
and the CPI later on this evening
18.00 and 19.30 GMT.
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