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AUDCAD News

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Last Updated Date: 13 April 2022 @ 10:43 AM (UTC)
*Please note that all the dates are in GMT time zone

The AUDCAD market is bearish and positioned for pressing selloffs to 0.9341. Be prepared for an accelerating selloff if trade presses below 0.9367. Any corrections contained within last week's congestion, stalling near 0.9440 will keep the market aligned for bear trending. A close over 0.9489 is needed to stop pressing bear forces and spark a recovery phase.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.