AUDCAD chart by TradingView


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.


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John Kicklighter

John Kicklighter   

Chief Currency Strategist

My Picks: Long: USD/JPY; Short: NZD/CAD; Pending: USD/CAD, GBP/NZD, AUD/CAD
Expertise: Fundamentals and Technicals
Average Time Frame of Trades: 2 Days to 1 Week

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