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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUDCAD: Bullish Harmonic Pattern and Risky Counter Trend TradeAUDCAD: Bullish Harmonic Pattern and Risky Counter Trend Trade AUDCAD has completed a bullish harmonic pattern near 0.8955. The price reaction so far looks promising, and the chances for a larger bullish wave are increasing after a prolonged bearish trend. However, it is still early and risky, as the overall trend remains downward, but our targets are not too far away. Additionally, the RBA was not particularly dovish during the recent RBA interest rate decision, which could be another reason for AUDCAD to show some bullish momentum before the end of the year. You can find more details in the chart! Thank you!
Long
by KlejdiCuni
2
Lingrid | AUDCAD divergence at the DEMAND zoneThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD recently made a bearish move by breaking out of the consolidation zone. The price has now reached a demand zone where it previously surged. Additionally, the price action has formed a descending channel along with a bullish divergence, indicating that the bears are losing momentum. On the daily timeframe, the market also showed a fake breakout at this level, highlighting its significance. I expect the market to bounce off the support level and retest the psychological level above. My goal is resistance zone around 0.9000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair is trading near a channel support level on the 4-hour chart, indicating a potential reversal or bounce from this zone. The channel support has historically acted as a strong area where buyers regain control, presenting an opportunity for bullish trades. Technical Outlook: Pattern: Channel Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Consider entering a buy position near the channel support after confirming bullish price action, such as bullish engulfing candles or a double bottom formation. Traders should monitor indicators like RSI for oversold conditions or MACD for signs of bullish momentum. Apply appropriate risk management with stop-loss orders placed below the support line and profit targets set at resistance levels within the channel.
Long
by PIPSFIGHTER
AUDCAD TREND BULLISH SUPPORT BY FUNDAMENTALSI am bullish on AUDCAD as recent economic data supports a stronger Australian dollar. Australia’s economy benefits from rising commodity prices and resilient economic performance, while the Canadian dollar faces headwinds from softening oil prices and weaker economic growth. Technically, AUDCAD is showing bullish momentum, with higher highs and lows forming on the daily chart. These factors combined point to further upside potential for the pair. I don't mind shorting at supply zones downwards too. Will keep shorting till structure breaks
Long
by debo4samuel
AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis Trend: In the 4H timeframe, the AUD/CAD pair is currently in a downtrend, characterized by the formation of lower lows and lower highs. Recently, we have seen the formation of a bull flag pattern, which typically signals a potential reversal or continuation of a bullish trend. The price has broken through two minor key support levels at 0.90600 and 0.89800. Our objective now is to wait for the price to retest the 0.90200 level, which may lead to an accumulation phase for buy orders. We anticipate a potential manipulation phase, or stop-loss hunt, below the minor key support and within our liquidity zone. Following this, we will wait for the price to return and break above the minor key support before taking action. Price Action Expectation: We expect that the bull flag formation could signal a breakout to the upside. Once the price breaks above the minor key support, it could trigger further buying momentum. Our goal is to place a buy stop order above the 0.90200 level, once the price demonstrates strength in breaking through, while protecting our position with a stop-loss below the liquidity zone. Trade Setup: Trade Type: Buy Stop Entry Price: 0.90100 (just above the minor key support) Stop Loss: 0.89380 (positioned below our liquidity zone to protect against adverse movements) Take Profit: 0.91590 (targeting the next key resistance level) Upcoming News (Fundamental Outlook): This Friday, we have important economic data from Canada that could influence the price of AUD/CAD: Core Retail Sales m/m (Canada): Expected at 0.2% (previous: 0.9%) Retail Sales m/m (Canada): Any surprises in these retail sales figures could affect the CAD strength. A weaker-than-expected reading may lead to bearish pressure on CAD, which would support our bullish outlook for AUD/CAD.
Long
by RebornFXTrader
1
Lingrid | AUDCAD Choppy Market. Potential SHORT from RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD is currently moving sideways, indicating a choppy market. On the weekly timeframe, the last candle is a large doji, which signifies indecision in the market. Currently, the price is pulling back towards the resistance zone at 0.91000, following a bearish impulse leg. I think there is a likelihood that the price will bounce off both the psychological level and the upward trendline. It’s possible that the market might briefly push above the range zone to take liquidity before moving lower to retest the bottom of the range. My goal is support zone around 0.90100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
NICE FVG he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025. The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since April 2020 at 1.4244. For the week, the currency was down 0.5%, its third straight weekly decline. Recent reports that Canada was considering tit-for-tat retaliatory tariffs if U.S. President-elect Donald Trump carries out his threat to tax Canadian imports have given traders another reason to bet against the loonie, said Amo Sahota, director at Klarity FX in San Francisco. "It could be a long wait until the U.S. presidential inauguration to see how determined Trump is to begin his second term with a full trade war," Sahota said.
by EZIO-FX
AUDCAD📉🔍 **AUDCAD Short Setup Update – Trust the Process!** 💼✨ Hey T.Y.L.A. family! 🌟 Here’s the latest on our **AUDCAD short setup**—it’s game time! Let’s break it down: 🔹 **Coordinates for Success**: - **Entry**: **0.89593** - **Stop Loss (SL)**: **0.90250** - **Take Profit (TP)**: **0.88099** - **Trailing Stop (TS)**: **30 pips** 🔹 **Why This Setup?**: The market is aligning perfectly with our strategy, giving us a high-probability opportunity while maintaining controlled risk. 🔹 **Risk-Managed Confidence**: This trade is another reminder that we stick to what works—tight stops, clear targets, and no emotional decisions. 🔹 **Steady Growth, Always**: Our focus is on consistent monthly returns of **25%**. No shortcuts, just discipline and proven methods. 📊 **Reminder for the Team**: Markets can be unpredictable, but that’s why we have a system. The trailing stop protects our gains as the trade moves in our favor, so you can rest assured that we’re managing risk every step of the way. 🔥 **Your Mindset Matters**: Doubt and hesitation have no place here. Take a deep breath, stick to the plan, and remember—you’re not doing this alone. Let’s crush it together! Drop a 📈 if you’re in on this trade or have questions. As always, we’re here to tackle limits and grow stronger, one trade at a time. #TackleYourLimits #TYLA #ConfidenceInConsistency
Short
by FreeForexPips