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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

Bearish drop?AUD/CAD has reacted off the pivot and could drop to the 50% Fibonacci support. Pivot: 0.90122 1st Support: 0.89401 1st Resistance: 0.90764 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
AUDCAD BUY short term1 Month immediate PA is bullish 1 Week swing bullish, Price at weekly OB Expect continuation or strong price movement from there Daily swing is bullish; price is at daily OB Expectation - continuation or strong buy momentum Daily internal is bearish though Price is at daily internal supply zone 4 Hour swing is bearish Internal is bullish We can anticipate m15 mss to suggest 4 Hr continuation But M15 immediate PA is bullish till otherwise Looking to scalp the M15 price action
Long
by Moyenbg
AUDCAD The Target Is DOWN! SELL! My dear followers, This is my opinion on the AUDCAD next move: The asset is approaching an important pivot point 0.8957 Bias - Bearish Safe Stop Loss - 0.8980 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8922 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
AUDCAD Wave Analysis 17 January 2025 - AUDCAD reversed from support zone - Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860 (former multi month low from April) and the lower daily Bollinger Band. The active impulse wave 1 belongs to the higher order impulse waves (1) and 1, which started from the same support area. AUDCAD currency pair can be expected to rise to the next resistance level 0.9000, former strong support from December coinciding with the daily down channel from September.
Long
by FxProGlobal
AUDCADThe Canadian Consumer Price Index (CPI) for December is scheduled to be released on January 21, 2025 This data will provide insights into the inflation rate in Canada, giving investors and economists a better understanding of the country's economic performance. The CPI measures the change in prices of a basket of goods and services, and it's an important indicator of inflation Now, let's dive into how the CPI data print can impact Canadian currency trading directional bias. The CPI is a key indicator of inflation, which plays a significant role in shaping monetary policy decisions. - Inflation Rate: A higher-than-expected CPI can lead to a stronger Canadian dollar (CAD), as it may indicate a potential interest rate hike by the Bank of Canada to curb inflation. Conversely, a lower-than-expected CPI can weaken the CAD - Monetary Policy Implications: The Bank of Canada closely monitors the CPI to determine whether to adjust interest rates. An interest rate hike can attract foreign investors, causing the CAD to appreciate, while a rate cut can lead to depreciation - Investor Perception and Confidence: A stable inflation rate, close to the central bank's target, can boost investor confidence in the CAD. However, uncontrolled inflation or deflation can deter investors, leading to reduced demand for the CAD and its subsequent depreciation .
by Shavyfxhub
Great A plus trade What a great price action The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie was trading 0.3% lower at C$1.438 to the greenback, or 69.54 U.S. cents, after trading in a range of 1.4323 to 1.4393. Canadian government 10-year bond yields fell 0.1 basis points to 3.418%. The yield on similar U.S. government benchmark debt rose to 4.6695%. U.S. February crude futures fell 14 cents to $79.9 a barrel on Thursday. Canadian housing starts in December fell more than expected to 231,500 units from a revised 267,100 units the previous month, the Canadian Mortgage and Housing Corporation (CMHC) said.
by EZIO-FX
2
AUD/CAD - Long This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis. Please note the is a counter trend idea targeting the daily swing structure. Higher Time Frame Weekly - Structure on the weekly chart is bearish. Daily - Structure on the daily chart is bearish. Medium Timeframe 4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame. Lowe Timeframe 1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher. Hopefully the chart provides a better explanation. Any feedback is appreciated.
Long
by warsam