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.
Related currencies
AUD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Bearish trend on AUD/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.892.
Discl
AUDCAD SHORT Market structure bearish on HTFs 3
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Structure point Daily
Around Psych Level 0.89500
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.18
Entry 120%
REMEMBER
AUDCAD SellsAUDCAD price is nearing an are of interest. A rising support structure has been established and price may retest the support once more before the end of today
AUDCAD: Will Start Growing! Here is Why:
Looking at the chart of AUDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bearish reversal?AUD/CAD is reacting off the pivot which has been identified as a multi swing high resistance that lines up with the 78.6% Fibonacci projection and could drop to the 1st support, which acts as a pullback support that aligns with the 50% Fibonacci retracement.
Pivot: 0.90103
1st Support: 0.89525
1s
AUDCAD SHHORTS Documentation Market structure 3
At AOI DW
Touching EMA W
Candlestick rejection DW
Previous Structure point DW
Round Psych Level 0.90000
Touching EMA Y
H4 Candlestick rejection Y
Rejection from Previous structure Y
Levels 4.75
Entry 125%
Trade executed but was not posted on TV, Documenting for future me
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Bearish drop?AUD/CAD has rejected off the pivot, which acts as a swing high resistance and could drop to the 1st support, which is an overlap support that aligns with the 61.8% Fibonacci retracement.
Pivot: 0.8981
1st Support: 0.8928
1st Resistance: 0.9021
Risk Warning:
Trading Forex and CFDs carries a high
AUDCAD: Pullback From Resistance 🇦🇺🇨🇦
AUDCAD may retrace from the underlined blue resistance.
A breakout of a support line of a rising wedge pattern
after its test leaves a strong bearish clue.
We can expect a pullback to 0.8962 level.
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Potential bearish drop?AUD/CAD is reacting off the resistance level, which is a pullback resistance, and could drop from this level to our take-profit.
Entry: 0.89386
Why we like it:
There is a pullback resistance.
Stop loss: 0.8980
Why we like it:
There is a pullback resistance.
Take profit: 0.8866
Why we like it:
The
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of AUDCAD is 0.89451 CAD — it has increased by 0.08% in the past 24 hours. See more of AUDCAD rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. AUDCAD has the volatility rating of 0.37%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The AUDCAD showed a −0.10% fall over the past week, the month change is a 0.53% rise, and over the last year it has decreased by −1.85%. Track live rate changes on the AUDCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
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.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with AUDCAD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the AUDCAD shows the neutral signal, and 1 month rating is sell. See more of AUDCAD technicals for a more comprehensive analysis.