Quite a bearish audusd for starting the week and keep in mind that this is a week when CPI = inflation is released in Australia as well as important Chinese data is coming. And everything out of China matters for the AUD as 1/3 of the Australian exports is going to China.
In other words: strong demand from China = higher AUD and the opposite is true as well = weak Chinese economic data points towards a weaker Australian dollar.
However, this is the AUDUSD pair and this one is inversed correlated (or it should be) with the usdcad.....and you do the math about how to trade the two pairs going into next week's trading.
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