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AUD/CAD testing 2.5-year bear trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The AUD/CAD may not be on the watch list of many traders, but this cross may have formed a major low and about to make significant gains in the days and weeks to come. It has been supported not only by continued weakness in the CAD, owing to weaker oil prices and disappointing Canadian data, but also due to a stronger AUD. The Aussie was the only major currency last month that rose against the US dollar, as my colleague Matt Weller reported earlier. It has been underpinned by stronger

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