Chinese exports as well as imports decreased less than economists expected, but they decreased which shows that the global economy is extending its slowdown. The Chinese trade surplus came in higher than expected, but Australian investment lending unexpectedly dropped. The AUDCAD was able to remain above support as the bullish bias remained in place, how will price action react to the release of key Canadian data? Today’s fundamental analysis will take a look at price action in both directions.

Forex traders await the Canadian employment report for October which is expected to move the Canadian Dollar. Housing data will also be released and is anticipated to add volatility into the AUDCAD to close out the week. Uncertainty in regards to the US/China phase one trade deal started to dominate news, how will this impact price action moving forward? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.