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Forex

AUD/CAD Bullish Flag Targets Parity Ahead of Canadian Jobs Data

Guavy AI Editorial Team
Instruments
CAD AUD
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The AUD/CAD currency pair has been relatively flat on Thursday as traders wait for Canadian employment data to be released.

The Canadian dollar is being pulled in two different directions - tariffs from the United States are weighing it down, while oil prices are supporting it.

However, the upcoming Canadian employment figures may bring some volatility to the market, and could potentially break out of a bullish flag setup on the charts.

The interest rate differential is currently 210 basis points in favor of the Australian dollar, making it the biggest driver in this market.

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