AUDCAD H4 : BULLISH CORRECTION IS CLEAR TO FLY

AUDCAD H4 : BULLISH CORRECTION IS CLEAR TO FLY

Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.

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