* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
AUD/CAD does not fall in the category of the most sought-after offerings and it is thus hard to find a broker offering it. However, FxPro is committed to meeting all of your needs and that’s why we’ve made sure that it is on our platforms. Connecting two of the world’s major economies, this combination can make a fantastic addition to the savvy investor’s portfolio.
To talk about the nuances of AUD/CAD trading, need to mention that Canada, in turn, depends on oil and lumber prices, and Australia is dependent to the grain and other food futures fluctuations. Accordingly, Canada is more correlated with the Brent quotes, and Australia is affected by the wheat. Accordingly, with the growth of oil, this pair usually shows downward trend, and with the fall of the oil prices, is used to increase. This strategy works in the same way with grain prices.
If you are interested in trading the AUD/CAD currency pair, contact FxPro today and open account in several minutes.