AU/UC Negative correlation
Correlation driven by USD devaluation. AUD and CAD are both also known to strongly correlate as both economies are for a large part driven by commodity exports.
This case demonstrates how bot are very likely to break out. AUDUSD to the upside and USDCAD to the downside.
UJ Seasonality agrees..
This case demonstrates how bot are very likely to break out. AUDUSD to the upside and USDCAD to the downside.
UJ Seasonality agrees..
Trade active
UC broke down early signal for the high risk appetite..Note
Nice test of resistance as support by AU and support as resistance by UCNote
Speculators counter trading institutions, watch the rebound, will be very quite powerful I predict..Trade active
Re-entry..Trade active
Since the 2nd of July this is more like it..Trade active
Another re-entry..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.