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Australian Dollar/Canadian Dollar
Long

AUDCAD - LONG; Longterm

By Nemo_Confidat
Updated
Here the upward sloping channel is indicative of the relative and ever increasing deterioration of the Royal Bank of Canada's balance sheet relative that of the Royal Bank of Australia's. - A significant and still increasing fiscal power versus new debt issuance capacity, advantage RBA. This unlikely to change anytime soon - i.e. for years if not more. Naturally this relationship remains entirely dependent on China's economic status, at any give time.
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Trade active
LONG - Long term
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Target: 0.9650
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AUDCAD; This pair seems to be loosing steam.
AUDCADaudcadanalysisaudcadbullishaudcadbuyaudcadforecastaudcadideaaudcadllongaudcadsetupaudcadsignalHarmonic PatternsTrend Analysis
Nemo_Confidat
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