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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUDCAD Weekly Analysis and OutlookAUDCAD Weekly Analysis and Outlook This week, the AUDCAD pair is expected to break through the resistance level above, signaling the potential for continued upward movement. The current market setup suggests growing bullish momentum, making the pair well-positioned for further gains. Current Market Overview: The AUDCAD pair has been steadily approaching a key resistance level, with recent price action indicating strong buying interest. As the pair nears this critical barrier, the market appears primed for a breakout. The bullish sentiment is supported by favorable conditions, which could propel the pair higher once the resistance is cleared. Expectations and Potential Scenarios: Given the strength of the current upward trend, we anticipate that the AUDCAD will successfully break above the resistance level in the near term. This breakout would confirm the continuation of the bullish trend, providing traders with opportunities to capitalize on further gains. Primary Expectation: If the resistance level is broken, the AUDCAD is likely to continue its upward trajectory, targeting higher resistance zones. This scenario would reinforce the bullish outlook, creating a favorable environment for long positions and potentially leading to significant price appreciation. Alternative Scenario: However, if the pair struggles to break through the resistance and encounters selling pressure, a temporary consolidation or minor pullback could occur. Traders should be prepared for this scenario, as it may present opportunities to enter the market at more favorable levels before the uptrend resumes. Conclusion: In summary, the AUDCAD pair is poised for a breakout above the current resistance level, with the potential to continue its upward movement. Traders should closely monitor the price action at this key level, as a successful break could serve as a catalyst for further gains. Staying alert to both the primary breakout scenario and any potential pullbacks will be essential for optimizing trading strategies in the coming sessions. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
AUDCAD Both Scenarios Are Possible - Complex DevelopmentsAUDCAD Both Scenarios Are Possible - Complex Developments AUDCAD reached the top of the pattern near 0.9200 on 20-Aug-2024 In only two days AUDCAD lost almost 80 pips. It looks like the AUD is losing its bullish momentum and we may be on the verge of a temporary downtrend. Bearish Scenario: AUDCAD could drop to 0.9115 and 0.0.9085 over the next few days or today if all goes well during Powell's speech. For this move the price has to develop inside the pattern. Bullish Scenario: Considering that the day will be very speculative today a move above the pattern can push the price further to the bullish targets. so overall is more complex than it seems. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
5
AudCad - Counter trade setupon hourly trend price has changed the trend and following lower low and lower high after a recent bos price is likely to make pullback and this idea is about trading that pullback and going counter trend we can see price at 0.91500 can get rejection as it has a bearish order block or the price and go little further at 0.91650 rejection another bearish order block this trade can get activated it price is able to breakout above 0.91320 with some bullish candle patterns the recent low can be the SL
Long
by Jimmy_Rebello
idea on a charthe Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month. The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at 1.3606. Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased. "Today's CPI print should be enough to quell concerns about sticky inflation pressures in Canada after two marginal upside surprises in May and June," Claire Fan, an economist at Royal Bank of Canada, said in a note. "The hurdle for more BoC cuts this year is low and we continue to look for another 25 basis point cut at their next meeting in September."
by EZIO-FX
AUDCAD Burgain Hunting LongAUDCAD Burgain Hunting Long - Price is trending above 15 period Hull Moving Average - Burgain Hunter entry - MA Angle Trend Filter Confirmation - Basic R:R 5:1 and then adding with 1% - Adding to trade 4 times at 1 R Distance - Closing all trades at Final Target - Strong Resistance Level - Cut losing trade on first Bearish Candle The ultimate goal is to make the system simple and easy to follow, simple rules, buying discount and selling premium. Cutting losers short and making maximum from winners. Cheers.
Long
by Marteyfx