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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 SELL OPPORTUNITY From the H1 perspective , a sell opportunity is envisaged from the current market price after we had a shift in market structure to the downside which signifies a bearish trend resumption.
Overall trend of the market remains bearish therefore, this is an opportunity to capitalize on the bear trend.
AUDCAD SHORT FORECAST Q2 W18 D30 Y25AUDCAD SHORT FORECAST Q2 W18 D30 Y25
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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
Bearish reversal off pullback resistance?AUD/CAD is reacting off the pivot and could reverse to the 1st support.
Pivot: 0.89528
1st Support: 0.88159
1st Resistance: 0.90356
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AUDCAD: Bearish Wave Continues 🇦🇺🇨🇦
I think that there is a high chance that AUDCAD
will continue falling from the underlined yellow resistance.
Next support - 0.8818
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AUD-CAD Correction Ahead! Sell!
Hello,Traders!
AUD-CAD keeps going up
But the pair will soon hit
A horizontal resistance level
Around 0.8936 and as the
Pair is locally overbought
We will be expecting a
Pullback and a local
Bearish correction
Sell!
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AUDCADhello trader, here is another swing.. price is making bearish momentum (using Mcad as indicator)... price also filled the fvg of 4hrs and price is in distribution phase.. and breakout can happen anytime.. our target is first OB for double bottom or breakout of previous low to reach weekly OB (for al
AUD_CAD RESISTANCE AHEAD|SHORT|
✅AUD_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 0.8950
Price decline is to be expected
SHORT🔥
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AUDCAD SHORT Market structure bearish on HTFs DW
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Daily previous Structure point
Around Psychological Level 0.89500
H4 Candlestick rejection
Levels 5.41
Entry 95%
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Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
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.