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AUSTRALIAN DOLLAR / CAX

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AUDCAX trade ideas

Bullish bounce?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which lines up with the 50% Fibonacci retracement. Pivot: 0.8956 1st Support: 0.8927 1st Resistance: 0.9015 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.
Long
by ICmarkets
AUDCAD at Key Support Level – Potential Rebound to 0.89950OANDA:AUDCAD has reached a significant support zone, marked by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bounce if buyers step in. The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 0.89950 level, a logical target based on the recent market structure. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
1
"AUD/CAD: Will Bulls Defend Key Support?"🔹Technical Analysis of AUD/CAD (4H Chart) 🔹Market Overview: The AUD/CAD pair is currently trading at 0.90344, showing a minor decline of -0.20% in the latest session. The chart indicates a bullish outlook, contingent on price action respecting key support levels. 🔹Key Technical Levels: ▪️Buying Area: 0.9005 - 0.9030 (Highlighted in green) ▪️Demand Zone: 0.8940 - 0.8960 ▪️ 1st Target (Resistance): 0.90798 ▪️ 2nd Target (Resistance): 0.91361 🔹Trend Analysis: ▪️The price has been in an uptrend from its lows in January, forming higher highs and higher lows. ▪️ The 50-period moving average (red) and the 200-period moving average (blue) are converging, signaling potential support in the buying area. ▪️A retest of the buying zone (0.9005 - 0.9030) is expected before a possible upward continuation toward the 1st and 2nd targets. 🔹Market Sentiment & Trade Plan: ▪️Bullish Bias: If the price finds support in the buying zone and forms a bullish structure, it presents a buy opportunity with a target at 0.90798, followed by 0.91361. ▪️Bearish Risk: If the price breaks below the demand zone (0.8940), bearish momentum could extend further downward. 🔹Conclusion: Traders should watch for price action signals in the buying zone. A confirmed rejection could provide a strong buying opportunity, targeting higher resistance levels. However, a breakdown below the demand zone would invalidate the bullish bias. 😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
Long
by SOAM_PRO_TRADER
AUDCAD at Key Support Level – Rebound Toward 0.90000?OANDA:AUDCAD has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control. The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.90000 level, which represents a logical target within the current market structure. However, a break below this support level would invalidate the bullish bias and could lead to further declines. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
1
AUD/CAD: Short-term Bearish Trend Remains IntactAUD/CAD: Short-term Bearish Trend Remains Intact In our previous analysis, AUD/CAD showed a transformation and tested the resistance zone near the top again. Today, the price has confirmed another larger pattern, indicating a further price decline. From a fundamental perspective, AUD/CAD was also supported by the fact that President Trump extended the Canada and Mexico tariff deadline to April 2. Tariffs were initially supposed to be applied on March 4. This extension provided short-term strength to the CAD. 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❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
3
AUD/CAD - Technical Analysis & Market Sentiment📉 Bearish Bias ✅ Broken Trendline & Support - Downtrend confirmed with multiple support breaks. (+2) ✅ Fair Value Gap (FVG) Resistance at 0.89998 - Price may struggle to break through. (+2) ✅ Potential Lower High (LH) Formation - If price rejects FVG, further downside likely. (+1) ✅ Possible 4HR Trendline Breakdown - Could accelerate selling momentum. (+1) 🔻 Total Bearish Score: 6 📰 Sources: Trendline Break & Bearish Market Outlook - XTB FVG & Resistance Levels - IFC Markets 📈 Bullish Bias ✅ 4HR Trendline Support Holding - If respected, a reversal could form. (+2) ✅ Fib Retracement Zone (0.382 - 0.618) at 0.90028 - 0.90345 - Price may recover to these levels. (+2) ✅ Trade Set-Up 2 Suggests a Higher Low Formation - Could indicate early bullish momentum. (+1) 🔹 Total Bullish Score: 5 📰 Sources: Fibonacci & Trendline Strength - RoboForex Bullish Market Reversal Possibilities - Bloomberg 📊 Sentiment & Market Factors 📉 Weak AUD Due to RBA Policy Uncertainty (- Bearish) - RBA rate outlook remains dovish. Source 📈 CAD Supported by Rising Oil Prices (+ Bullish) - Strengthening CAD fundamentals. Source 📉 Bearish Momentum & Market Structure (- Bearish) - Lower highs still dominant. Source 📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
by FaithdrivenTrades
AUD/CAD - Technical Analysis & Market Sentiment📉 Bearish Bias ✅ Break of 1HR Trendline - Price has broken key trendline support, confirming a bearish move. (+2) ✅ Break of 1HR & 4HR Support - Key levels have failed, indicating sellers in control. (+2) ✅ FVG (Fair Value Gap) Resistance - Price may retest FVG before further decline. (+1) ✅ Lower Highs Forming - Market structure suggests continuation to the downside. (+1) 🔻 Total Bearish Score: 6 📰 Sources: Trendline & Price Action - XTB Market Structure & Momentum - IFC Markets 📈 Bullish Bias ✅ 4HR Support Zone Holding - Price is testing a key demand area (0.89324 - 0.89374). (+2) ✅ Possible Buy Setup on Momentum Shift - If price shows bullish rejection, a reversal is possible. (+1) ✅ Weekly Trendline Support Nearby - Long-term trendline acting as support. (+1) 🔹 Total Bullish Score: 4 📰 Sources: Support & Reversal Patterns - RoboForex 📊 Sentiment & Market Factors 📉 Weak AUD Due to RBA Dovish Stance (- Bearish) - RBA hints at potential rate cuts. Source 📈 CAD Supported by Oil Prices (+ Bullish) - Rising oil prices strengthening CAD. Source 📉 Risk-Off Sentiment Weakening AUD (- Bearish) - Global economic concerns reducing demand for risk assets. Source 📌 Final Bias: Strong Bearish (Score: 6 vs 4)
Short
by FaithdrivenTrades
AUDCAD at Key Resistance – Will Sellers Step In?OANDA:AUDCAD has reached a significant resistance zone, highlighted by previous price rejections and strong selling pressure. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in. The current market structure suggests that if the price confirms a rejection from this resistance, we could see a move lower toward the 0.90200 level, a logical target based on past price behavior and current market structure. 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
5
AUDCAD Short Trade Analysis – Sell at 0.9068🔹 Entry: 0.9068 🔹 Trend: Bearish 🔹 Potential Pullback Levels: 0.9090 - 0.9100 🔹 Target: 0.9020 - 0.9000 🔹 SL: Above 0.9110 AUDCAD remains in a selling zone, and we are maintaining a short position from 0.9068. While short-term price action may push the pair toward 0.9090 - 0.9100, the overall trend favors sellers. 🔍 Technical Analysis: ✅ Moving Averages: Price is trading near key resistance levels with potential rejections. ✅ Structure: Lower highs and lower lows indicate bearish momentum. ✅ Key Resistance: 0.9090 - 0.9100 ✅ Key Support: 0.9020 - 0.9000 As long as AUDCAD remains below 0.9110, the bearish outlook remains valid. A break below 0.9050 could accelerate the downside move. 📉 Sell on rallies, stay patient, and follow the trend! #AUDCAD #Forex #TechnicalAnalysis #PriceAction #SellSignal
Short
by justforfreelauncing
AUD/CAD Trade Setup: Short at Key ResistanceAUD/CAD has reached a key resistance zone around 0.908 - 0.909, aligning with previous highs and the 200-day moving average. I’ve entered a short position, anticipating a potential rejection from this level. 🔹 Trade Setup: 🔻 Entry: Near 0.908 - 0.909 (Key Resistance) 🎯 Profit Target (Blue Zone): 0.903 - 0.902 🛑 Stop-Loss (Yellow Zone): Above 0.909 🔹 Market Outlook: 📊 Bearish Bias – Price has rejected this zone before, and I’m expecting sellers to step in again. ⚠️ Risk Management – If price breaks and holds above 0.909, the short trade will be invalidated. Watching for bearish confirmation—will we see a rejection, or is AUD/CAD breaking out? Let me know your thoughts below! 👇
Short
by FaithdrivenTrades
1
AUDCAD Sell Setup at 0.9045I'm looking to sell AUDCAD at 0.9045, targeting a move lower based on key technical confluences. 🔹 Key Reasons for Entry: Resistance Zone: The price is testing a key resistance level around 0.9045, which has previously acted as a rejection point. Moving Averages: Price is near the , aligning with strong resistance. Trend Structure: AUDCAD is in a bearish structure on the timeframe, forming lower highs. Fibonacci Confluence: 0.9045 aligns with the retracement level from the last swing. 📉 Trade Plan: Sell Limit: 0.9045 Stop Loss: Take Profit: Risk-Reward Ratio: If the price confirms rejection at this level, I expect further downside towards the . Let me know your thoughts! 📊🔥 Feel free to adjust SL/TP levels based on your strategy. Would you like me to add any additional details?
Short
by justforfreelauncing
AUDCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
Potential bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 0.9063 Why we like it: There is a pullback resistance level. Stop loss: 0.9098 Why we like it: There is a resistance level at the 100% Fibonacci projection. Take profit: 0.9006 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets