Live chart for AUDCAD. Analyse the price action using the chart's 100+ technical indicators and 50+ drawings tools.
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The AUDCAD pair is the abbreviation of the Australian dollar and the Canadian dollar. The highest trading activity of AUDCAD is observed during the Pacific session. The pair is considered a commodity as it combine the economies of Australia and Canada that depend on the export of minerals and raw materials. While the Canadian economy depends more on the value of Brent crude oil and sawnwood, the state of the Australian economy is based on world prices for premium wheat. The main trading partners of the countries-issuers of the pair currencies are the United States and Great Britain. When carrying out fundamental analysis of the pair, in addition to the main macroeconomic indicators of Australia and Canada (GDP and inflation level, interest rates and labor market data), one should take into account similar indicators of the United States. Despite the actual absence of the US national currency in AUDCAD pair, the US dollar is involved in the formation of its rate, which is manifested as a correlation with the charts of AUDUSD and USDCAD.