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Winter Is Coming 17 8 2012

AUDCAD falls in the theme 'Winter Is Coming'.

However this is peculiar to me because AUDCAD is declining not as a result of AUD declining at a faster rate against most currency pairs than CAD but CAD is strengthening at a faster pace than AUD. Nonetheless Winter is here and it seems harsh. AUDCAD fell through most of my target levels. Ideally I expect it to settle around the 1.021 price level, approximately 3.61% from its high.3.61% doesn't seem much but when you leverage the trade 50-100x, it is a different story.

Disclosure: I have a position in AUDCAD.

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