With Crude Oil touching its recent highs and failing to push higher, perhaps this an opportunity to see crude sell-off and exploit the overbought condition of the CAD. Outside of higher oil, there is no reason to buy CAD, and against most currencies, it has been selling off on longer term charts.
The likelihood this is a swing low for AUD/CAD is likely here.
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The likelihood this is a swing low for AUD/CAD is likely here.
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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.