AUDCAD ( BUY ORDER 1.60% )
💎 Name : AUD/CAD
🕐 4HR'S Chart
( ❗️ Long After Break )
🧾 : WHY IS AUDCAD GOING UP?
Prices: Both the Australian and Canadian economies are major commodity exporters, with Australia known for its mineral resources and Canada for its energy products. Changes in commodity prices, especially for products like oil, gold, or iron ore, can significantly impact both countries' currencies. If commodity prices decline, it can negatively affect the Australian Dollar (AUD) and the Canadian Dollar (CAD), causing the AUD/CAD exchange rate to go down.
——————————
Bullish Break
0.85880 Area
Reasons
Major Resistance / W
Y / W Low
Quarter's Area
Visible Range Hvn
Liquidity
——————————
more info coming soon
🕐 4HR'S Chart
( ❗️ Long After Break )
🧾 : WHY IS AUDCAD GOING UP?
Prices: Both the Australian and Canadian economies are major commodity exporters, with Australia known for its mineral resources and Canada for its energy products. Changes in commodity prices, especially for products like oil, gold, or iron ore, can significantly impact both countries' currencies. If commodity prices decline, it can negatively affect the Australian Dollar (AUD) and the Canadian Dollar (CAD), causing the AUD/CAD exchange rate to go down.
——————————
Bullish Break
0.85880 Area
Reasons
Major Resistance / W
Y / W Low
Quarter's Area
Visible Range Hvn
Liquidity
——————————
more info coming soon
Related publications
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.