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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUD/CAD stalls around 91c, pullback pending?A 3-wave move has developed from the January low, that for now appears hesitant to hold above 91c or its 50% retracement level. Twice we have seen false breaks of the 91c level on the daily chart, and Monday presented a bearish pinbar which closed below the 200-day SMA. Bearish divergences have also formed on the weekly and daily RSI (14) and daily RSI (2). Perhaps a pullback is brewing. Bears could fade into moves towards the 200-day SMA, in anticipation for a move down to at least 90c, just above the 50-day SMA and weekly VPOC (volume point of control). And if the BOC refrain from promising further cuts while delivering an expected 25bp cut tomorrow, it could further strengthen the Canadian dollar and weaken AUD/CAD further. Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
AUD/CAD at Make-or-Break Zone Ahead of BoC DecisionAUD/CAD is currently testing a crucial technical zone, hovering around 0.9060 as traders weigh Canadian dollar fundamentals against the Australian dollar's resilience. The pair recently rejected a previous high near 0.9125 and has formed a potential bearish setup, aligning with a descending trendline (DTL) resistance. With the Bank of Canada’s upcoming policy statement and concerns over U.S. tariffs impacting Canada’s economy, the market is eyeing whether the BoC will maintain a dovish stance. Meanwhile, Australia's stronger-than-expected GDP report last week has provided some support to the Aussie, but fading momentum suggests that CAD strength could reassert itself. If price breaks below the 0.9050 support area, it could trigger further downside toward 0.9025 and beyond. Traders should monitor price action closely at this level for confirmation of either a breakdown or a reversal.
Long
by FaithdrivenTrades
AUDCAD potentially to a new weekly high.Looking at the AudCad chart for the past week Market Structure shifted to the bullish side, we can see price making Higher Lows at a Mayor Level ( 0.90000 ) before breaking the Weekly High, price started to retrace to retest the demand zone where it confirmed the bullish reversal and also giving us a nice FIB where if we take our lowest to our highest point after the impulse move we can see our 27ext. lines up perfectly to the 0.91500 level where i anticipate price is gonna head to based on the market structure, sentiment and fundamentals overall.
Long
by Jcasanova32
1
AUDCADImpact of Canadian Employment Data on CAD The upcoming Canadian employment data, including Employment Change, Unemployment Rate, and Capacity Utilization Rate, can influence the Canadian Dollar (CAD) in several ways: Employment Change: Forecast: 19.7K Previous: 76.0K Impact: A lower-than-expected employment change could weaken the CAD, as it suggests a slower labor market. Conversely, a stronger-than-expected figure could support the CAD by indicating economic resilience. Unemployment Rate: Forecast: 6.7% Previous: 6.6% Impact: An increase in the unemployment rate might weaken the CAD, while a decrease could strengthen it. Capacity Utilization Rate: Forecast: 79.2% Previous: 79.3% Impact: A slight decrease in capacity utilization might suggest a minor slowdown in economic activity, potentially affecting the CAD negatively. Market Reaction: Strong Employment Data: If employment figures exceed expectations, the CAD could strengthen as it indicates a robust labor market and potentially supports higher interest rates by the Bank of Canada. Weak Employment Data: Conversely, weaker-than-expected data might lead to a decline in the CAD, as it could suggest economic slowdown and potentially lead to more accommodative monetary policy. Trading Strategy: Long CAD: If employment data is strong and suggests economic resilience, traders might favor long positions on CAD. Short CAD: If data is weak or suggests economic slowdown, traders might consider short positions on CAD.
Short
by Shavyfxhub
AUDCAD Buy Trade Idea1️⃣ Trend Analysis ✅ Market in an Uptrend 2️⃣ Oscillators 🔹 Stochastic – Oversold, suggesting a potential bounce 3️⃣ Price Action 📌 A strong buy signal has appeared at a key level 4️⃣ Volume Analysis 📊 Demand area identified, signaling buyer interest 5️⃣ Commitment of Traders (COT) Data 📈 Commercials are Extreme Long on AUD 📉 Commercials are Moderately Long on CAD 🔎 This suggests AUD has stronger institutional support than CAD 6️⃣ Fundamentals 📢 Bullish fundamentals favoring AUD over CAD 7️⃣ Measured Move ⚖️Seller exhaustion 8️⃣ Wave Analysis 🌊 C Wave Net Trend coming up, confirming a bullish continuation
Long
by Wainainarobert
AUDCAD Will Go Up! Buy! Take a look at our analysis for AUDCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.908. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 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
POTENTIAL LONG TRADE SET UP FOR AUDCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. The price has approached a previous swing low zone on the higher time frame (HTF) while moving within a descending channel. On the Mid time frame (MTF), an upward breakout from the descending channel has occurred. We will now monitor for a continuation structure to identify a potential entry point for the trade. Expectation: A upward move is expected, with the target set at the top of the descending channel structure. ⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
Long
by TheTradingAmbience
Lingrid | AUDCAD potential BREAKOUT of Weekly HighFX:AUDCAD market is currently testing the previous weekly high, and there is a possibility that the price may move higher from this area. It has been making higher highs and higher lows, and it recently broke above the trendline, signaling a shift in market. The price took out liquidity below the psychological level at 0.9000. While it may attempt to move directly toward the resistance zone, I think that is unlikely. Instead, the price may pull back to retest Tuesday's high, creating a short-term pullback before continuing bullish move. I expect that market will move higher toward the next key level to test a channel border. My goal is resistance zone around 0.91500 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
2
AUD/CAD’s Breakout Watch: Targeting 0.91431 & 0.91822 AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at 0.91431 (1.618 Fib extension), and potentially Expect Level 2 at 0.91822 (2.0 Fib extension). Should price fail to hold the breakout, however, the broader downtrend and consolidation could resume.
Long
by ClearTradingMind
AUDCAD — Sell Setup at Key Resistance LevelOANDA:AUDCAD has reached a key resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 0.90250 — a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
1