Listen to the market mood for AUDCAD in the coming session:

Weak CAD
The CAD should remain weak today as the Bank of Canada turned more dovish than expected yesterday and left the door open for a rate cut.

Strong AUD
The AUD should remain strong today as a class for an RBA rate cut has fallen after the latest jobs report showed a firmer than expected employment change and move down in unemployment.

Expect AUDCAD buyers on pullbacks.

Risks to this outlook
If US-China trade relations sour, expect AUD weakness.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.