AUDCAD At Make-or-Break Zone – Time to Ride the Bulls?AUDCAD has been overall bullish trading within this rising channel 📈
Right now, price is retesting the lower bound acting as support 🔑
As long as this zone holds, I’ll be looking for longs targeting the upper bound 🎯
Patience is key here ⏳ — let the bulls step in, then ride the next impulse 🚀
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
AUDCAD – 2618 Trading Strategy + 3-Bar Reversal ConfirmationThis setup is a textbook example of the 2618 trading strategy combined with a strict 3-Bar Reversal trigger for entry.
First leg: Market breaks structure, taking out prior lows.
Retracement: Price retraces back into the 61.8% Fibonacci level.
Confirmation: A 3-Bar Reversal forms, providing the en
Potential bearish drop?AUD/CAD has broken out of the support leve which is an overlap support and could drop from this level to our take profit.
Entry: 0.89386
Why we like it:
There is an overlap resistance level.
Stop loss: 0.89989
Why we like it:
There is a pullback resistance level.
Take profit: 0.8868
Why we like i
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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Bullish reversal?AUD/CAD is falling towards the support level, which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.89432
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop lo
AUDCAD Will Fall! Short!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.897.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish mo
Title: AUDCAD | 5–15m Breakout Scalp Caption: Quick momentum plaQuick momentum play above intraday lid.
Setup
• Bias: Bullish continuation after tight range.
• Trigger: Clean break of 0.8920 with follow-through.
Orders
• Buy Stop: 0.89220
• SL: 0.89100 (≈12 pips)
• TP1: 0.89320 (+10 pips) – move SL to BE
• TP2: 0.89400 (+18 pips) – scale out/let runner t
Buy For AUDCADShort term bullishness due to fundamentals driving aussie higher, while at the same time we have statements from the U.S. fed hinting at rate cuts which will influence the US dollar, in turn putting pressure on oil which is heavily correlated with the CAD. Trade smart, Trade safe, Trade Drippy!
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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 0.89776 CAD — it has decreased by −0.11% 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 0.29%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The AUDCAD showed a 0.28% rise over the past week, the month change is a −0.08% fall, and over the last year it has decreased by −2.03%. 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 buy 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.