AUD/CAD Australian Dollar / Canadian Dollar

AUD/CAD is the forex symbol for Australian dollars priced in Canadian dollars. The value of AUD/CAD represents how many Canadian dollars equal one Australian dollar.

Both AUD and CAD are considered commodity currencies, meaning their economies are strongly influenced by the raw products they export. Australia’s main commodities are minerals like iron, coal, uranium, and gold.

Meanwhile, Canada’s main commodities are gold, wheat, aluminium, and crude oil.  Because there is not much overlap between the countries’ most important commodities, significant trading opportunities can occur when individual commodity markets are disrupted.

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Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

  • Bid
  • Ask

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Weekly

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Monthly

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Understanding Pivot Points

Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
Learn more about Technical Analysis