Presently, the market is undergoing a corrective phase, characterized by a discernible adjustment in asset prices.
The AUD often acts as a risk-sensitive currency, with its value correlating to global risk sentiment. During times of heightened uncertainty, traders may flock to the safety of the Canadian Dollar (CAD), impacting the AUD/CAD pair.
In light of this, an analysis from a technical standpoint suggests a forthcoming upward trajectory in price movement.
The AUD often acts as a risk-sensitive currency, with its value correlating to global risk sentiment. During times of heightened uncertainty, traders may flock to the safety of the Canadian Dollar (CAD), impacting the AUD/CAD pair.
In light of this, an analysis from a technical standpoint suggests a forthcoming upward trajectory in price movement.