AUDCAD has been declined for last 2 weeks.Trend and Momentum indicator shows AUDCAD is expected to be bounce up in a coming week, but downward risk remains toward later.Viewed from current monetary policy, AUD rate is 2.50% while CAD rate is 1.00%. The spread AUD minus CAD is 1.50%, and theoretical forward rate is expected lower AUDCAD than its spot rate. It implies that downward risk theoretically exists in longer term.
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