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May has been fairly uneventful for the AUD/CAD currency pair. While we had a relatively large range of over 300 pips, we just closed the month at 0.9466, only 69 pips away from the open.
On a long-term perspective (monthly chart below), we can see that the AUD/CAD just ended a period of high volatility. While one month of indecisiveness is good, on the chart we can see that these calming periods usually last much longer, multiple months and even years sometimes.
Both the AUD and CAD are commodit…
On a long-term perspective (monthly chart below), we can see that the AUD/CAD just ended a period of high volatility. While one month of indecisiveness is good, on the chart we can see that these calming periods usually last much longer, multiple months and even years sometimes.
Both the AUD and CAD are commodit…