AUD/CAD:PRICE ACTION+FUNDAMENTAL ANALYSIS|LONG VIEW SETUP 🔔

23. Juni 2021

The Preliminary Australian Manufacturing PMI for June was reported at 58.4. Forex traders can compare this to the Australian Manufacturing PMI for May, reported at 60.4. The Preliminary Australian Services PMI for June was reported at 56.0. Forex traders can compare this to the Australian Services PMI for May, reported at 58.0. The Preliminary Australian Composite PMI for June was reported at 56.1. Forex traders can compare this to the Australian Composite PMI for May, reported at 58.0.

Canadian Retail Sales for April are predicted to decrease 5.0% monthly, and Canadian Core Retail are predicted to decrease 5.0% monthly. Forex traders can compare this to Canadian Retail Sales for March, which increased 3.6% monthly, and to Canadian Core Retail Sales, which increased 4.3% monthly.

The forecast for the AUD/CAD turned bullish after this currency pair corrected into confirmed support

Can bulls force the AUD/CAD into a reversal until it reaches its horizontal resistance area?