#AUDCAD Medium / Long term Outlook and Positioning

The charts of the pair are currently as follows:

#AUDCAD H4

#AUDCAD Daily

#AUDCAD Weekly

The outlook for the coming quarters given by institutional research teams is as follows:

NAB

q1 0.94 q2 0.95 q3 0.96 q4 0.97

CIBC

q1 1.09 q2 1.09 q3 1.11 q4 1.12

ScotiaBank

q1 1.01 q2 1.0 q3 1.01 q4 1.0

A change in trend has not yet been established. 

The range that the pair is expected to move in the coming quarters is:

For the moment medium to long term positioning remains short with caution.