Will Aussie follow Cad’s path – down against the dollar? I don’t know, but willing to bet…

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Quotable

“He who establishes his argument by noise and command shows that his reason is weak.”

--Michel de Montaigne
 

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Will Aussie follow Cad’s path – down against the dollar?  I don’t know, but willing to bet…

My editor’s note is this: I realize correlation isn’t causation.  I realize correlations can change at any moment because every moment in the market is unique.  I realize it isn’t always easy to determine which variable leads and which follows in a seeming correlation; it may be neither as both may be driven by some other narrative/variable/rationale, etc.  But sometimes divergences in prior correlations which have stood for a while can represent nice setups for a winning trade.  

A divergence setup between CAD and Aussie may be in play.  Read more...

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