Correlation driven by USD devaluation. AUD and CAD are both also known to strongly correlate as both economies are for a large part driven by commodity exports.
This case demonstrates how bot are very likely to break out. AUDUSD to the upside and USDCAD to the downside.
UJ Seasonality agrees..
This case demonstrates how bot are very likely to break out. AUDUSD to the upside and USDCAD to the downside.
UJ Seasonality agrees..
Trade active:
UC broke down early signal for the high risk appetite..
Comment:
Nice test of resistance as support by AU and support as resistance by UC
Comment:
Speculators counter trading institutions, watch the rebound, will be very quite powerful I predict..
Trade active:
Re-entry..
Trade active:
Since the 2nd of July this is more like it..
Trade active:
Another re-entry..
