Trade AUD/CAD with Fondex
Thinking of trading AUD/CAD?
- 1. Its correlations with their respective commodities made of this pair something relatively easy to follow. Whereas Canada is an oil producer, the Australian dollar's main driver is not the oil market but the metals. If you closely monitor the AUD pair along with the price of gold, silver, platinum or palladium, you will find many correlations. 2. Something particularly interesting about this pair, is its positive Swap (special interest rates that come when a trader holds a position overnight).Unlike negative swap, which is the one you have to pay for holding this pair, AUD/CAD has a positive swap, which means you will receive a % from your investment merely for holding a trade overnight.
Trading CFDs involves significant risk of loss