AUD and CAD are at opposite ends of the spectrum today
Oil and the election weigh on the Canadian dollar
The theme over the past week in markets has been that whatever was out of style is suddenly back in. We've seen bonds reverse and equity traders are abuzz on the reversal of growth vs value.
Since December, AUD/CAD has fallen 8% so today's 0.3% rise is hardly anything to get excited about but the chart shows a technical break to the upside.