WHAT IS AUD ?
AUD is the currency abbreviation of australian dollar.
It is made up of 100 cent and is often present with symbol $,A$ or AU$. it is replacing the Australian pound,
which was a holdover from its days as a british colony,in 1966.AUD is the official currency of australia.
It is a popular currency in forex trading pairs,and also the 5 most traded currencies.
WHAT IS CAD?
CAD is the official currency of canada. “Loonie’’, is a nickname of CAD and it is the abbreviation or currency symbol which is used to denote the canadian dollar.
as it is the official currency of canada it is considered to be a benchmark currency,
it means many central banks across the globe keep canadian dollars as a reserve currency.1 canadian dollar is made up of 100 cents and is often present as USD.
WHAT IS AUD CAD?
AUD CAD is the abbreviation and official currency of Australian dollar and canadian dollar pair respectively.
The AUD CAD trading currency pair shows how much the AUD (base currency) is needed or required to be measured against the CAD (counter currency).
For example:- If AUD CAD =1.0193 that means one Australian Dollar are needed to buy 1.0193 Canadian Dollars
Watch : AUD CAD Live Chart
WHAT IS THE BEST TIME TO TRADE AUD CAD?
Many people want to trade the AUD CAD currency pair.
But they don’t know the best time to trade these currency pairs.
However the forex market is open 24 hours a day and 5 day in a week.
But the best time to trade AUD TO CAD is between 19.00 and 4.30 (GMT).
because at that time the forex market was more volatile and active.
Watch : AUDCAD Live Chart
How To Trade AUD CAD ?
Trading AUD TO CAD is popular among traders around the world.
To trade AUD CAD currency pair traders do not need to own the currencies while they trade using CSDs (contract for difference).
Only they have to speculate which currency in the pair will rise and which will fall.
while determine the AUD TO CAD exchange rate the trader hove to form an opinion on which direction the bpair move, and take the appropriate position with CFDs.
Watch : AUD/CAD Live Chart
WHAT FACTOR AFFECT THE AUD TO CAD EXCHANGE RATE?
There are many factors which affect the AUD CAD currency pair trading. For example:
economics policy, political report ect. Through which the AUD to CAD exchange rate are affected.
So while trading AUD CAD currency pairs in forex trading the trader has to look at all the things carefully and then go to trade AUD CAD currency pairs.
To consider those things trade can be more volatile and active.
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