A ascending Triangle has formed at the most recent daily AUD/CAD chart.
China Export business is growing with it artifically very under-valued yuan, and
Australia economy is strongly back up by China as a strong supplier ,
and this made Australia Currency has more room for growth .
The Canada on the other hand are current avid trading partner with the
down-moving USA. As such the Canada economy rally in phase with the
constantly weakening USA, thus the CAD dollar are weakening.
Three evidence (1 Technical Analysis with 2 Economic factors) has strongly support
and tell us the Currency Pair is going to Break thru the Triangle barrier with
Resistance level at around 1.01194, and it is going to Rally further upward for another Big UpTrend movement.
Aust Interest Rate at 4.5%. CaD interest Rate 1.0%. We can anticipated to
pocket a net captical gain of 3.5% if we go LONG for this pair at this moment,
in probably in a month or more..
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