cad aud

look at both charts [weekly], you will see that there looks like a tendency for both currencies to fall further against their previous lows.

cad - if it breaks out of the 130 mark, which has strong resistance as it was tested 3 times recently, and go north, it will hit 142 then 146 eventually
aud - if it breaks out to the south of the 60 mark, it will hit an eventual low of 42.

you can copy and paste the charts onto a word doc, then enlarge it for a clearer picture.

if the above forecasts are right, does the trend of these two currencies foretell something more drastic in the direction of the global economy?

we will soon know.