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Volatile week for the AUD CAD pair.

Written by Sam Coxhead on September 30th, 2011.      0 comments

4:52 PM (NZT) This pair has been very interesting this week , in that neither economy has had note worthy economic data released, but there has been movement. It is not often this pair sees such a large intra-day moves  and this is indicative of the overall market uncertainty. The low on the pair was .9977 and there remains in place substantial support at .9950 from a historical basis. Next week we have the RBA announce monetary policy and this will definitely be closely watched ahead of the Canadian employment numbers on Friday. At current levels, the pair is in no man’s land, being high from a historical perspective, but much lower than recent highs of earlier in the month.
 
The current interbank price is:      1.0135
                                                             
The interbank range on the week to date has been:     .9977/1.0170
 

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