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


AUD/CAD Price Bullish Breakout a False Flag? Reversal to Come?

AUD/CAD price gains may halt given that the BoC is relatively more hawkish than the RBA. Meanwhile RSI divergence warns that the Canadian Dollar may appreciate against the Aussie.
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Canadian Dollar Rebounds as Bank of Canada Hints at Hike Strategy


Weekly Fundamental Forecast: A Week Ending Trade War Salvo Leaves Distinct Unease for Next Week’s Trading


CAD, TSX, Oil Weaken. US $16b China Tariffs On - Asia Market Wrap


Short AUD/CAD on BoC & RBA Policy Bets Despite NAFTA Uncertainty


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Analyst Picks

Daniel Dubrovsky

Daniel Dubrovsky Junior Analyst

My Picks: Bearish AUD/CAD
Expertise: Event-driven macro and classic technical analysis
Average Time Frame of Trades: A few days to a few weeks

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