Here’s Something
FXC ( Canadian Dollar) vs FXA ( Australian Dollar) Divergence
Look at the ratio chart…From June 1 The ratio in favor of Canada’s Dollar has increased from par to about 107.
Strong move …..see the divergence in the charts below the ratio chart.
Why ?
a….Canada is aligned with the USA ( Trump notwithstanding) and Australia depends on China. ?
b….Canada is OIL and Australia is general commodities ?
c….Canada is in the Northern Hemisphere and Australia is Upside Down ?
d…Legalization of Pot is attracting a lot capital into Canada ?
e. water goes the wrong way when you flush the toilet down under ?