AUDCAD Weekly Outlook May 4th 2015

AUDCAD Daily

AUDCAD is trapped in a range between 0.9400 - 0.9650

If Price pullsback to 0.9650, I will be looking to short AUDCAD given bearish signals (divergence, trendline breaks and bearish candlestick formations on lower time frames H4 & H1).

If Price pushes lower 0.9400 zone, I will be looking to go long AUDCAD given bullish signals from lower time frames