AUD/CAD
Australian Dollar / Canadian Dollar
TLDR - Quick Summary For Busy Traders
AUD/CAD pits iron ore/dairy against oil. Buy on rising iron ore/falling oil. Sell on rising oil/falling iron ore. Daily range: 40-80 pips.
Live Chart
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Best Trading Hours
Active: 7:00 PM - 4:00 PM EST.
Key Correlations
Different commodity exposures. AUD linked to metals, CAD to oil.
When to BUY
- Rising iron ore
- Falling oil
- RBA hawkish
When to SELL
- Rising oil
- Falling iron ore
- BoC hawkish
When to AVOID
- RBA or BoC meetings
- OPEC announcements
- Chinese data
Key Levels to Watch
Watch 0.9200, 0.9000, 0.8800
Risk Disclaimer
Trading AUD/CAD involves substantial risk of loss and is not suitable for all investors. The trading tips provided are for educational purposes only and do not constitute financial advice. Past performance is not indicative of future results. Always use proper risk management, including stop-loss orders, and never risk more than you can afford to lose. Consider seeking advice from an independent financial advisor before trading.