Ransquawk

The AUD/CAD is recently subject to significant economic and political factors. The policy factor is mainly the case of the US-China customs war, as well as the agreement of the NAFTA countries. Many things point to the continuation of the strengthening of the Canadian currency. The weekly chart shows that after the recent drops, the price has reached key support. As you can see from history, the swings on this pair can have large ranges. Breaking the support should therefore mean a sharp decline. Everything should be settled on Tuesday. This is when the decision on interest rates in Australia will be made. On this day, can be initiated either a reflection from support or breaking it, anyway, both scenarios can give a signal as to the direction for the coming sessions.

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Ransquawk