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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.
Why trade with City Index?
Tight spreads from 0.5 pts on FX and 1 pt on indices.
Award-winning platforms with fast and secure execution.
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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