AUDCAD trade ideas
AUDCAD Buy ForecastAUDCAD New forecast👨💻👨💻
Note:
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Idea for next week.The AUD/CAD pair has shown an upward movement on the four-hour chart, driven by a mix of market factors. Despite weak economic data from China, which weighs on the Australian dollar, recent gains have been supported by speculation around the Bank of Canada accelerating its rate cuts. The dovish stance from the Bank of Canada’s governor, coupled with falling oil prices, has weakened the Canadian dollar (CAD), giving the Australian dollar (AUD) room to strengthen.
The pressure on CAD is compounded by concerns over lower oil demand, particularly in light of the global economic slowdown. Meanwhile, AUD continues to face challenges due to its strong correlation with Chinese economic performance, although it has managed to outperform CAD in the short term.
AUDCAD LONG 0.937500 SOON!!FRIENDS..
We expect AUDCAD goin to reach 0.937500 soon cad will be weak and aud will try goin up
the bounce from lower channel will provide enough power to go up..
5 times and still cant break..
just try to find good entry for long with confirmation use minimum of 1h timeframe for a good confirmation
goodluck
remember to DYOR before opening position
AUDCAD SELLS- price seems more to be pulling towards sell side.
- I want that daily FVG for my sells. my sells bias will be violented if we close above that daily FVG.
- I always look for my entries during Killzones. for this pair it has to be between London session or Asian session.
- Risk management is always advised.
Good Luck
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AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
AUDCAD - 4hrs ( Sell Trade Target Range 140 PIP ) 🟢 Pair Name :AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
0.90750 Area
Reasons
- Major Turn level
- Trend Break
- Visible Range Hvn
- Fibo Golden Zone
- week low
Bullish Reversal
0.89500 Area
Reasons
- Major Turn level
- Visible Range Value
- Pattern Target
- Choch Zone
- Fibo Golden
AUDCAD Bearish Momentum With Key Resistance Level.Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.91200 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.91200 support and resistance area.
Trade safe, Joe.