Hello Traders! Today we will take a look at Eur/Cad and Eur/Aud crosses, where Euro appears to be the strongest currency. In fact the recent price action suggests that Euro may gain even more against Australian and Canadian dollar.
Well, if the US stocks will continue lower, then lower Aud and Cad definitely can be the case, since these two are showing tight correlation with the stock market. More in the video below.
Guest post by Gregor Horvat