Wednesday, September 30, 2009

The Canadian And Australian Dollar




The Canadian Dollar bounced off of a very significant long term trendline today. You'll notice in the lower pane that the Australian dollar is making new highs. Both of these currencies are commodity sensitive and are highly correlated so I wouldn't be surprise if we see the Canadian dollar break out to a new high in the next few days.

1 comment:

Anonymous said...

I expect the AUD and CAD to break the trendline in the next couple of days.

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