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


Weekly Technical Forecast: Reversals are Taking with the Equites Up Four Week and the Dollar Back with Bulls

The overwhelming sense of dread and high volatility plaguing the markets through the end of the past year is slowly starting to lift. US equities have led risk trends to a four-week recovery that has overcome key levels while the Dollar has just recently saved itself from a full bearish reversal. Will this sense of recovery continue?
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AUD/USD, AUD/CAD Prepare for Next Big Moves as AUD/JPY May Reverse


AUD/USD, AUD/CAD & EUR/AUD Prices Eye Technical Reversal Patterns


Top Trade Idea 2019: Canadian Dollar, 2019 Underdog? Short AUD/CAD, NZD/CAD, EUR/CAD


AUD Prices May Fall Into 2019, AUD/CAD at Risk to Reversal Pattern


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