Though the outcome is being very surprisingly from the price level of 0.99410. It went straight up the mark of 1.0041.though there is sudden ups and downs going with the momentum with the market situation
AUD/CAD dropped from around 1.03 to 1.02 before stabilizing. On the downside, 1.0150, 1.0050 and parity provide support. On the topside, 1.03 is resistance, followed by 1.0420 and 1.0546.
The rate cut announced by the Australian central bank to cut the rates was the trigger,…