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

Sentiment was just starting to find its balance this past week when another US-China trade war headline involving the US President hit the wires. Will this theme return to prominence next week or will we fall back on scheduled event risk?
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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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Tactically Bearish AUD/CAD on Improving CA Economy, Break Below 200-DMA


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