The outlook for the Australian dollar remains bullish, according to foreign exchange market analysis site Daily FX.In its weekly trading forecast, the website predicted further gains for the high-yield currency as many traders anticipate the Reserve Bank of Australia (RBA) will tighten monetary policy and raise interest rates over the next two months.The Aussie, as the Australian dollar is known in trading circles, rose to a fresh yearly high against its US counterpart last week, with Credit Suisse offering support with the publication of a market survey suggesting there is a 131 per cent chance of a 25 basis point hike in November.However, Daily FX's market analyst David Song clarified: "Nevertheless, the economic docket for the following week is likely to spark increased volatility for the Australian dollar and may drag on the exchange rate as market participants anticipate price pressures to weaken further.Meanwhile, the site offered a bearish outlook on the Canadian dollar, with Friday's (October 23rd) consumer price index figures exposing weakness in the north American economy.