AUD took advantage of dollar weakness and also advanced against European currencies. The CAD, on the other hand, was bogged down by the lack of a deal in the OPEC meeting and downbeat remarks from BOC Governor Poloz.
The stochastic is falling to down from overbought on both D1 and H4 with H4 starting to turn out of the area, meanwhile on H1 is between 80-50 zone going to heading down.
A possible retracement on price action, with moving averages 5 and 8 converging. If price action retrace and test previous resistance as support, a short position will be considered.




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