AUDCAD, travelling in the raising channel since February 26 and tested 0.96000, is been falling for the whole week consecutively.The RBA trimmed mean CPI quarterly is released as 0.3% vs 0.4% expected, and CPI quarterly as 0.0% vs 0.2% expected. As the week was dull due to Easter holidays and poor economics for the AUDCAD, the pair reached the support of the raising channel with a strong volatile momentum. As of writing, AUDCAD moving around 0.94572, has broken the channel support, and retested trend line in the early Asian session, and bears entering the market now will have a good risk management which expected to break below 0.91000, targeting 0.93800.

AUDCAD TODAY:
Daily open: 0.94625
Daily Last high: 0.94764
Daily Last Low: 0.94450
Daily current growth: -0.04%