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.


Dollar’s Reversal Put on Hold as the S&P 500 Stages a Threat of its Own

Risk trends have softened over the past week. Not enough to produce wide spread concern of speculative unwind, but certainly enough to add anxiety to an already hyper-vigilant market.
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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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