Fundamental analysis of AUD/CAD

AUD/CAD has been quite impulsive with bearish gains today despite worse economic reports published recently in Canada. AUD has been the dominant currency in this pair for the latest 2 months. AUD has been able to keep momentum, but market sentiment seems like changing a little bit. Recently, Canada'...

AUD/CAD saw a volatile action during Wednesday’s session, following the BoC’s interest rate decision to keep rates unchanged and as a result, the pair did a strong rebound above the Fibonacci retracement level of 65% at 0.9758. If the move continues to be alive in the short-term, the pair could be o...