AUD/CAD resumed its rally from 0.8440 last week, breaking decisively through 0.9041 resistance level. The move reflects diverging fundamentals between Canadian Dollar, which is weighed down by weak domestic data, and Australian Dollar, which is drawing support from stronger consumption and external demand. For loonie, the trigger was August’s disappointing jobs report, which reignited expectations […]
The post Aussie strength meets Loonie weakness, AUD/CAD targets 0.9128 and above appeared first on Action Forex.
