So different, but so similar

Hello, my friend! It is time to start our exciting journey that will bind two contradictional worlds. Despite their polar opposition, they are united by the same history.

Today we are going to talk about AUD/CAD, which is used to be united (and actually is still united) by the British roots. Their geographical positions have a particular effect on their economic development and the drivers of economic growth.

Let's take a look at the price chart of the Australian and the Canadian dollars.

Picture 1. A price chart of AUD/CAD for 02.03.2019 - 02.04.2019.

As we can see in picture 1, the price of AUD/CAD at this moment remains in the correction state. At the same time, we see the growth of CAD. It indicates that the future of the Canadian currency had changed after a sharp drop earlier, which happened because of the weak politics. However, despite the correction, the chart in picture 1 continues to have an upward trend, and the current situation looks like it is a bottom line of the price corridor.

Picture 2. A price chart of AUD/CAD and the index of "big traders" for 02.03.2019 - 02.04.2019.

As we can see in picture 2, the number of CAD positions has grown up which means a reconsideration of opinions or big speculative options that may be risen in hopes of support expectations from the Central Bank of Canada.

So, according to all the information above, we believe that the best strategy to use now is to play downwards with AUD/CAD. It means increasing the number of investments "lower" because it will bring extra profits.