0 Djamel Brahimi Posted June 30, 2019 Author Share Posted June 30, 2019 Quote Link to comment Share on other sites More sharing options...
0 Guest Sam Bouman Posted June 30, 2019 Share Posted June 30, 2019 The AUD/CAD pair has been consolidated for most of last week due to the strength in both pairs, however this coming week I believe it will start trending to the upside and there are a couple of reasons for this. Firstly due to the easing in tensions between the US and China I feel this will bring some positivity to the markets, and with the Chinese economy greatly having a knock on affect on the Australian economy it is easy to see that any positivity for China will transfer over to Australia’s economy meaning positivity for the Aussie dollar. Secondly I believe that oil will fall due to the fact that the EU will now be able to buy Iranian oil once again meaning a greater supply, and as we know any negativity for oil means downside for the Canadian dollar. Even though overall the Canadian dollar is doing better then the Australian I still feel that the issues mentioned above will mean that the AUDCAD pair will move higher next week. Quote Link to comment Share on other sites More sharing options...
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Djamel Brahimi
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