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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

AUD/CAD Under Pressure as Trade War EscalatesChina responded with retaliatory tariffs on US imports, announcing 15% duties on coal and liquefied natural gas (LNG) from the US, alongside 10% additional tariffs on crude oil, agricultural equipment, and automobiles. This deterioration in global trade relations has weakened commodity-linked currencies, particularly the Australian dollar, as China remains its largest trading partner. Meanwhile, the Canadian dollar is relatively stable, benefiting from moderate oil price gains and Canada’s exemption from immediate US tariffs. Key Technical Levels • Resistance Levels: 0.90115, 0.90858 • Support Levels: 0.89655, 0.89328, 0.88912, 0.88452 Upcoming Key Economic Events • Canada’s Trade Balance (Wednesday) – Expected to impact the CAD’s performance, particularly amid ongoing US trade policy uncertainty. • Australia’s Trade Balance (Thursday) – A weaker-than-expected report could exert further downside pressure on AUD. • China & Canada’s PMI Data – Investors will closely watch economic sentiment indicators for potential shifts in risk appetite. • Canada’s Employment Report – Job market strength will be key in determining the Bank of Canada’s future rate policy stance.
Short
by Errante
AUDCAD Will Go Up! Long! Take a look at our analysis for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.901. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
STRONG UPTREND FORMING UPGood day traders, as we can see that AUDCAD has high Market volatility and the current trend is really clear but we can see Bulls have the advantage A Change of Character(trend) occurred and we can see a NEW HIGH formed, giving us a sign bulls might be in control The best move would be to wait for the market to break above the NEW HIGH and wait for a retest that will confirm that buyers indeed took over the market and are in control, meaning we can BUY but if it breaks below the Major low, then it means this set up failed and sellers are taking over
Long
by StarleXtheTrader
AUDCAD: Short-Term Bullish Outlook Amid Trade Tariff SpeculationAUDCAD: Short-Term Bullish Outlook Amid Trade Tariff Speculations AUDCAD broke out from a bullish wedge pattern, signaling further growth potential. However, the recent bullish wave was driven aggressively by comments made last night, indicating that the US is ready to impose a 25% tariff on Canada and Mexico. These comments sparked a significant upward movement in the chart. However, as long as the new tariffs are not yet approved, there is a likelihood that AUDCAD may rise further in response to the news. The negative momentum surrounding the CAD due to these speculations should support AUDCAD's growth in the short-term. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
7