Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
Strength in the Australian Dollar fell apart, but confirmation is needed before arguing AUD/USD may extend declines. AUD/NZD consolidation held while AUD/CAD attempts a breakout.