Wait for BoC's Interest Rate Decision on 9th Wed & Buy

AUDCAD

On 9th Wed, Bank of Canada (BoC) will announce its interest rate decision and there is no important event for AUD.
1h 50MA crossed above 200MA, the price is above both 1h and 4h Ichimoku clouds and point for a bullish AUDCAD.

The price needs a final verification for bulls to pass above the descending channel from May 2021. If BoC's decision helps, we will see a buy opportunity above 0,9380 up to 0,945.


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1h & 4h Ichimoku is bullish but we should wait the price to break above 0,9380 for a stronger buy signal.