Correlation driven by USD devaluation. AUD and CAD are both also known to strongly correlate as both economies are for a large part driven by commodity exports.
This case demonstrates how bot are very likely to break out. AUDUSD to the upside and USDCAD to the downside.
UJ Seasonality agrees..
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UC broke down early signal for the high risk appetite..
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Nice test of resistance as support by AU and support as resistance by UC
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Speculators counter trading institutions, watch the rebound, will be very quite powerful I predict..