Dollar australien/Dollar canadienMis à jour Aud/Cad Update!
As you can see from the chart , AUD is at its lowest point in 10 years. Price actually came down to the flash crash area. I can not see price moving any lower.
On the fundamental side , Bloomberg reports that the economy will do much better after Aussie residents received their income tax returns recently and many other factors you can read by doing a simple google news search. Another interest rate could happen soon as a challenge was issued.... Get the unemployment level to 5.0 from 5.2 and it will happen.
So we have fundamental and technical analysis to confirm a longer term buy on this pair!
On the fundamental side , Bloomberg reports that the economy will do much better after Aussie residents received their income tax returns recently and many other factors you can read by doing a simple google news search. Another interest rate could happen soon as a challenge was issued.... Get the unemployment level to 5.0 from 5.2 and it will happen.
So we have fundamental and technical analysis to confirm a longer term buy on this pair!
Note
I made a mistake about the interest rate change on the fundamental analysis, but the technical analysis still stands to buy up to the trend line!
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