AUDCAD Shorting OpportunityHi traders,
I want to highlight a shorting opportunity for AUDCAD that seems well-suited for medium to long-term traders. Earlier in April, this pair broke a significant support level that had been established throughout 2024. For any breakout to follow through, we typically see the price revisit t
About Australian Dollar/Canadian Dollar
The Australian Dollar vs. the Canadian Dollar. Both of these currencies are regarded as commodity currencies and are considered to be a relatively stable currency pair. The CAD fortunes are closely related to the U.S. because it is their largest trading partner and neighbor. The AUD is more effected by its alignment with Australia and emerging Asian markets.
AUDCAD ENTRY CHART On this pair, we are still BULLISH IN TREND, even though we had a strong push on the CANADIAN DOLLAR , during the open of LONDON SESSION,here we have this pair still in an UPTREND, our Entry is based on the ZONE created,plus IND, with other of our Confluences, if price comes to tag us, we will be IN
AUDCAD Will Go Lower! Short!
Take a look at our analysis for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.890.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend short
AUDCAD: More Growth Ahead?! 🇦🇺🇨🇦
AUDCAD bounced strongly after a test of a significant daily/intraday support cluster.
The price managed to violate a resistance line of a falling wedge
pattern and close above that on an hourly time frame.
I expect a movement higher at least to 0.8944
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AUDCAD - SNIPER PRECEISE SHOT SELLING ENTRY - FIB GOLDEN LEVELHI Guyz, Based on sentiments of traders across the globe , 93 % of the traders are currently looking at selling the AUDCAD. I anticipate this would retrace to the 0.382 Level of FIB and take this opportunity to short sell.
Formation of Shooting Star candle stick pattern further confirms the possibi
AUDCAD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for AUDCAD below:
The instrument tests an important psychological level 0.9001
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
AUDCAD SHORT FORECAST Q2 W20 D14 Y25AUDCAD SHORT FORECAST Q2 W20 D14 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some
AUD_CAD FALLING RESISTANCE|SHORT|
✅AUD_CAD is trading along
The falling resistance
And as the pair will hit it soon
I am expecting the price to go down
To retest the demand levels
Below around 0.8987
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and re
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the AUDCAD pair is quoted as 1 AUD per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 AUD.
AUDCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade AUDCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.