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AUDCAD trade ideas

Sell zone at 0.89731Trading Journal Entry – Trade Setup: Currently watching a sell opportunity around the 0.89731 zone, with a strong buy level identified near 0.88170. Rationale: The 0.89731 level aligns with a notable resistance zone on the H4 and Daily charts, where price has previously encountered selling pressure. The recent bullish move appears to be testing this area again, and early signs of bullish exhaustion suggest a potential reversal. Price action near this zone has shown repeated rejection wicks and stalling momentum, which adds confluence for a short-term sell setup. Meanwhile, the 0.88170 zone marks a major support level that has historically attracted strong buying interest. This level aligns with a prior accumulation area and could serve as a high-probability reversal point if price moves lower. The plan is to take profit from the short trade near this zone and look for a potential long setup, ideally supported by bullish confirmation on lower timeframes.
Short
by SkyLegendary
AUDCAD Will Go Higher! Long! Please, check our technical outlook for AUDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.894. Considering the today's price action, probabilities will be high to see a movement to 0.905. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDCAD – 4H Technical & Fundamental AnalysisAUDCAD – 4H Timeframe (H4) Technical & Fundamental Analysis The Australian Dollar currently holds a slight edge over the Canadian Dollar as improving economic sentiment in China and stable commodity demand lend strength to AUD, while expectations of earlier rate cuts by the Bank of Canada weigh on CAD. Looking at the AUDCAD 4-hour chart, the pair has been trading in a range below the minor resistance at 0.89500. A trendline connecting three highs has now been broken, suggesting early signs of bullish pressure. However, confirmation is still needed before a directional bias is confirmed. We are watching for two key confirmations: A break and close above 0.89500, accompanied by signs of buyer accumulation, could signal a Change of Character (CHOCH) and shift market structure bullish. A liquidity sweep or stop-hunt below the resistance could trap early buyers before a stronger breakout. If price then reclaims and closes above the 0.89500 level again, it would confirm bullish intent. A potential area of interest lies around 0.89570 (possible breakout point), with risk managed below 0.89040 if liquidity forms. The longer-term target is the next major resistance zone near 0.90650. This setup reflects evolving bullish structure and market positioning, supported by improving AUD fundamentals. Fundamentals Supporting AUD: -China Economic Recovery Signs: Recent Chinese data shows early signs of stabilization, which supports AUD due to Australia’s strong trade ties with China. -Stable Commodity Demand: Iron ore and other exports remain in steady demand, reinforcing the AUD’s fundamental base. -RBA Policy Stability: The Reserve Bank of Australia is currently neutral on rates, offering more support compared to dovish central banks. Fundamentals Weakening CAD: -BoC Dovish Outlook: Markets expect the Bank of Canada to begin cutting interest rates earlier than other central banks, which weighs on CAD. -Flat Oil Prices: Oil, a key Canadian export, has shown lackluster performance recently, limiting CAD’s upside. -Mixed Canadian Data: Economic indicators like employment and GDP have been inconsistent, raising caution among investors. 📌 Disclaimer: This is not financial advice. As always, wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see, not what you feel.
by RebornFXTrader
AUDCAD LONG FORECAST Q2 W18 D2 Y25AUDCAD LONG FORECAST Q2 W18 D2 Y25 Professional Risk Managers👋 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 trade confluences📝 ✅Daily 50 EMA ✅Intraday 15' order block ✅Tokyo ranges to be filled ✅Intraday bullish breaks of structure to be confirmed 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
AUDCAD SHORT FORECAST Q2 W18 D2 Y25AUDCAD SHORT FORECAST Q2 W18 D2 Y25 Professional Risk Managers👋 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 trade confluences📝 ✅Daily 50 EMA ✅Intraday 5' order block ✅Tokyo ranges to be filled ✅Intraday bearish breaks of structure to be confirmed 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
Short-Term Bullish, Cautious (NFP impact)Yesterday was largely bearish as AUDCAD failed to break above 0.88453, forming a triple bottom around 0.88000, then bouncing about 40 pips. Today we’ve seen a clean break of 0.88453, followed by a 1H double top. I’ll be watching closely for a retest of 0.88453 — if price creates support, I’ll look to enter long: 🥇 First target: recent highs for ~30 pips 🥈 Second target: 0.88983 (~25 more pips) ⚠️ It’s NFP Friday, so I’ll be cautious with entries and avoid overtrading.
Long
by Thetraderscollective