AUDCAD H4 : BULLISH CORRECTION IS CLEAR TO FLY
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AUDCAD H4 : BULLISH CORRECTION IS CLEAR TO FLY
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
Note: For more updates and information about different pairs of the market like as crypto, forex and much more keep following me.
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
Note: For more updates and information about different pairs of the market like as crypto, forex and much more keep following me.
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