AUDCAD - LONG; Longterm

Nov 18, 2020

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.

Nov 18, 2020

Note

Nov 19, 2020

Trade active

LONG - Long term

Nov 25, 2020

Note

Target: 0.9650

Feb 2, 2021

Order cancelled

Current Post