AUD/CAD

AUD to CAD

October 12th 2021 3:00pm (NZT)

The Crude Oil rally over the past few weeks has supported Canadian Dollar (CAD) moves with the currency on fire of late as the price of Crude entered the 80’s this morning up a further 1.7% overnight. The Australian Dollar (AUD), although outperforming its rivals of late, finds itself at the long term support level of 0.9100 Monday. The cross hasn’t traded at this level since May 2020. Australian jobs numbers Thursday is our only data focus this week with an uptick in the unemployment numbers predicted to put the Aussie under more pressure. The cross trades at 0.9170 into Tuesday as risk sentiment improves.
Exchange Rates
Current Level: 0.9169
Resistance: 0.9350
Support: 0.9100
Last Weeks Range: 0.9105-0.9198

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