Is audcad bullish a good investment?

Trade Safe! AUDCAD BULLISH The AUDCAD pair shows to be very promising, a strong trend to the upside is sure to follow over several weeks and months.The AUDCAD pair shows to be very promising, a strong trend to the upside is sure to follow over several weeks and months.

What's going on with AUDUSD?

Upward trend forming, EMA break and retest. 3 profit zones identified. AUDUSD touches the target The Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .

What's going on with the AUD/USD?

On the daily chart, the AUD/USD continues to move between the 20-day Simple Moving Average (SMA) and the 55-day SMA (0.6505). The 0.6400 level has become a relevant support, and a consolidation below it should bring further weakness to the Aussie, exposing the 20-day SMA at 0.6360.

Are CAD and Aud the same currency?

Both of these currencies are regarded as commodity currencies and are considered to be a relatively stable currency pair. The CAD fortunes are closely related to the U.S. because it is their largest trading partner and neighbor. The AUD is more effected by its alignment with Australia and emerging Asian markets.