Choppy market, but still present opportunities…Australian Dollar / Canadian DollarFOREXCOM:AUDCADPipTipsHello traders! Weekly outlooks will most likely be published over the weekend while the market is closed. This gives us the opportunity to analyze the market while it is dormant to eliminate the noise. We will begin the AUDCAD. Short-term technicals are suggesting a slightly bullish market. Within the next month, we could see a choppy market where price range between 0.90500 and 0.91500. This could be likely since there are no major central bank surprises expected in the next 2–4 weeks and the commodities such as oil for Canada and iron for Australia are currently stable and RBA & BoC holding rates steady as we head into December, hopefully no surprises from China. Looking at the chart provided, we had a weekly low around 0.90671 on Tuesday right before midnight and the market rallied quickly 0.91320. This low that was created act as a strong support this week and the market attempted to break below this support and failed as buyers took advantage of a premium price near 0.90500. We end the trading week closing above 0.91000 which may indicate bullish intentions, at least for now. If price remains above 0.90500, we could see this pair trading around 0.91500 before the end of the quarter. This is an idea, not a signal…. and we should continue looking for confirmations. Remember, we can always try to predict the market, but it’s best to know when to react.