The pair broke the first key support level and touched a aud/cad low at 1. The seasonally adjusted Performance of Manufacturing Index PMI for Australia came in at a reading of Values below the key level of An improvement in the value of this indicator would provide certain support to Australian dollar. Canadian Gross Domestic Product GDP probably expanded 0. The GDP represents the forecast monetary value of all goods and forex produced by one nation over a specific period of time. The report on GDP is particularly important for traders, operating in the Foreign Exchange Market. It serves as evidence of growth in a productive economy, or as evidence of contraction in an unproductive one. As a result, currency traders will look for higher rates of growth as a sign that interest rates will follow the same direction. Higher interest aud/cad will attract more investors, willing to purchase assets in the country, while, at the same time, this will increase demand for the national currency. If an economy is experiencing a robust rate of growth, the benefits will eventually affect the end consumer, because of the aud/cad likelihood of spending, while through increased forex expenditures economy has the forex to expand even further. Therefore, in case Canadian growth outpaced expectations, this would heighten the appeal of Canadian dollar. Statistics Canada is expected to release the official figure at In case the second key resistance is broken, the pair will probably attempt forex advance to 1. With this second key support broken, the movement to the downside will probably continue to 1. The mid-Pivot levels for today are as follows: In weekly terms, the central pivot point is at 1. The three key resistance levels are as follows: The three key support levels are: Founded inBinary Aud/cad aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets — stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Trading forex, stocks and commodities on margin carries a high level of risk and may not be aud/cad for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. This website uses cookies to provide you with the very best experience and to know you better. Forecast visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy. FridayJune 16th. Forex Currencies Commodities Trading Strategy Binary Brokers Forex Brokers Forex Academy Binary Academy Forecast. Fundamental view Australia At Canada Canadian Gross Domestic Product GDP probably expanded 0. Where to Trade XM. Miroslav Marinoff Miroslav Marinoff, a news forecast at Binary Tribune, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market and the US Stock Market. BinaryTribune is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover ForexPrice ActionBinary Options and Forecast Trading. Quick Links Technical Analysis. Stock News Currency News Commodities News Trading Strategy. Forex Trading Academy Binary Options Academy Price Action Trading Academy Social Trading Academy Advertise Day Trading Academy Forex Trading Strategies Technical Forex Trading Indicators MetaTrader 4 Guide Forex Trading Mentoring Program About us Currency Pairs Trading Strategies Authors Privacy Contact us Jobs Forex Brokers Comparison Binary Options Brokers Comparison Forex Rebate Program.
[Weekly Forex Outlook] Jan 29th - Looking at GBPUSD, NZDUSD & AUDCAD
[Weekly Forex Outlook] Jan 29th - Looking at GBPUSD, NZDUSD & AUDCAD
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M ost Americans thought that Laos was not part of the Vietnam War, but Laos played a critical role, especially since supplies from North Vietnam to its warring troops primarily moved along the Ho Chi Minh trail that passed through Laos.
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