AUD/CAD 700 Pips Bargain: AUSSIE's Plight Deteriorates Further

Atualizado
Fundamentals:

The China Factor: Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
"Disaster looming in Australian economy as iron ore demand falls" (Daily Telegraph: dailytelegraph.com.au/business/economy/disaster-looming-in-australian-economy-as-iron-ore-demand-falls/news-story/75b7221eacd50e4639b0f076b575b7b4 )
imf.org/en/Research/commodity-prices
fred.stlouisfed.org/series/PIORECRUSDM
markets.businessinsider.com/commodities/iron-ore-price
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes "haunting": stockhead.com.au/news/this-horror-week-of-housing-data-will-haunt-homeowners-until-circa-2023/


Technicals:
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
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captura
VPA does not agree with the rise of AUD/CAD. This is a mispriced market. A market re-alignment is forthcoming!
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aussiehousingaussierecessionaustraliandollarBeyond Technical AnalysischinaTechnical IndicatorsironorerecessionTrend Analysis

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