Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
PIVOT POINTS
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0.8722
S3
0.8565
S2
0.8643
S1
0.8678
R1
0.8757
R2
0.8801
R3
0.888


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