Currency Analysis Report - 9/4/20...The Aussie vs. The Loonie

Some of the world's currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular.

And in the foreign exchange market 90% of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the dailytime frame chart.

However, for this analysis I'm comparing the Aussie dollar against the Canadian dollar also known as "The Lonnie" These two currencies are considered export currencies as Australia exports metals to China and Canada exports oil to the US and other countries.