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AUD/USD, AUD/CAD Analysis: Hawkish BOC hike concerns doves
The Bank of Canada’s (BOC) hawkish hike weighed on sentiment as it rekindled some concerns that central banks are not as close to their terminal rates as originally thought.
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.
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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.
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.
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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