AUDCAD / SELL possition

The AUD/CAD sell trade involves betting that the Australian Dollar (AUD) will weaken against the Canadian Dollar (CAD). This decision might be influenced by factors like diverging interest rates, economic data, or commodity price shifts, as both currencies are sensitive to global trade and resource markets. Monitor key support levels, oil price trends (impacting CAD), and Australia's trade outlook to refine your strategy. Always manage risk with stop-loss orders to protect against unexpected market reversals.