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Looking to stay away from FED, BOE, and ECB this week? How about AUD/CAD?
Since October 2022 the pair has been moving higher and has recently hit the 61.8% Fibonacci retracement level
AUD/CAD short-term cup and handle points to 0.9700
If AUD/CAD can get though the near-term resistance, then it will target near 0.9700.
Asian Open: ASX 200 on track for its worst month since the pandemic
The Australian dollar was lower against all majors except NZD last week. It wasn’t a great week for the ASX 200 either which is on track for its worst month since the pandemic.
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Tight spreads from 0.5 pts on FX and 1 pt on indices.
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Yields are screaming. How does that affect AUD/CAD?
US 10-year yields have a strong negative correlation with AUD/CAD.
European Open: FTSE to strive for 7600? AUD/CAD hints at swing low
The FTE 100 is potentially a day’s trade from testing 7600 after hitting 7550 target yesterday. For today’s chart we look at a potential swing trade long on AUD/CAD.
Asian Open: Santa’s rally back on track?
With Omicron concerns clearly abating traders were happy to take on risk yesterday with oil, stocks, yields and commodity FX all rising in tandem.
Asian Open: AUD/CAD Looks Set to Head South
Lower trading volumes due to Thanksgiving in the US made for a quiet session overnight, but that didn’t prevent the AUD/CAD cross making a ‘break’ for it.
Asian Open: S&P 500 Closes 9 Points from Record High
Positive earnings continued to support equity markets overnight, with the S&P 500 closing just 9 points from its record high having rallied 6% from September’s low.
Currency Pair of the Week: AUD/CAD
AUD/CAD has been moving higher off the March 2020 lows and has stalled
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