AUDCAD Analysis :
AUDCAD has broken the top level of the channel line and trying to rebound from the retest zone in the daily timeframe chart.
After the confirmation of upward movement, AUDCAD buys signal given.
AUDCAD reached the take profit target successfully.
Australian Dollar: China has reported 3000 Local cases of Covid-19
AUDUSD keeps lower after China reported 3000 locally affected Covid-19 cases on Sunday, the highest from 2020.
Due to this scenario, the Australian Dollar drifts lower.
And the good news was Russia had positive talks on Ceasefire War with Ukraine, Said by Ukraine Negotiator Mykhal Ilo Podolak.
We will achieve results this week and More hopes for Positive results from Russia and Ukraine.
On Friday, RBA’s Governor Lowe’s speech made dovish on Aussie, and They did not respond to the financial market’s momentum for rising interest rates.
He stated that they would see the economy’s pace of recovery in each quarter, then we will decide on a Rate hike.
Canadian Dollar: Russian Bombs were blasted near Ukraine Borders of Poland
USDCAD rises after Friday Russia Bombed attacks the Ukraine Base near the Border of NATO member Poland.
Suppose anything happened in Poland Border by unexpected Bombs. In that case, it will create like World War 3, because NATO is a member of 40 countries, so one country affected then whole 40 will be united against Russia and Close the chapter of Russia.
So, Bombs near Ukraine Borders of Poland must be cautious actions taken from the Russian side before attacks.
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