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Australian Dollar/Canadian Dollar

AUD/CAD Updates

By maurokellinho
AUD/CAD: As the RBA show a desire to push the long end yields lower, AU/CA 10yr yields spreads have increasingly moved in favour of the Canadian Dollar and thus a continued pullback in AUD/CAD can be expected. As the cross trades at its lowest level since May following the break below 0.9290, there is little in the way of notable support until the 200DMA situated at 0.9180. In turn, the cross remains bearish below 0.94 with bounces to be capped from 0.9350.
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