AUDCAD's tight range and its relation to rate sentiment

Watching $AUDCAD this week has been interesting, holding around that 0.97972 mark. With the slight dip today to 0.97828–0.97972, it feels like the market is still very much in a holding pattern, probably waiting on more definitive signals from central banks on rate direction. The BOC's recent hawkish lean has certainly put some downward pressure, but the AUD's resilience suggests underlying strength, perhaps from commodities. I'm keeping an eye on the broader implications for commodity currencies as we head into next month, especially if the current rate sentiment continues to consolidate rather than diverge. This consolidation around current levels, even with the -0.01% daily change, is something to watch closely for a potential break.