EDGE Chart of the Day – AUDCAD – (November 14th, 2024)
The AUDCAD has been trading in an ascending channel during the past 14 months. We are currently facing the probability of a bearish breakdown.
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Posts
Is the market getting too dovish on the RBNZ?
How will AUDNZD trade on a 25bp or 50bp rate cut from the RBNZ?
Australian Dollar Breaking Out of a Downward Channel; Bullish for 2024
Commodity currencies have been demonstrating robust strength, notably outperforming the Euro (EUR) and British Pound (GBP) since November.
Aussie and China Stocks Looking Positive Going Into 2023
At the start of the year I like to scan through some of the higher degree charts to check the main trend, and to get an idea where markets can be headed in 2023.