AUDCAD chart

AUDCAD chart by TradingView

AUD/CAD

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.


News


AUDCAD Primed For Break with Fewer Thematic Restrictions

There are plenty of appealing charts across the FX market, but an attachment to confounding thematic fundamental risk trips many of these opportunities up. AUDCAD is one of the exceptions.
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