AUDCAD HAD A STRONG REBOUND AT SUPPORTAUDCAD showed a bounce off the support level of 0.88587 i anticipate a buy opportunities to arise if price breaks above 0.90774 the overall flow of price remains bullish according to higher timeframe price.
CADAUD trade ideas
Waiting for momentum close abovemean reversion trade, AUDCAD to regain its main trend
CAD tariff news as risk
Feb 1st
imo possible people will start derisking from CAD in general rather than double down at this point of time
AUDCAD: Pullback Trade From Support 🇦🇺🇨🇦
AUDCAD looks bullish after a test of a key intraday/daily support.
As a confirmation I see a double bottom pattern followed
by a nice bullish imbalance on an hourly.
We can expect a pullback to 0.8989
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AUDCAD Long Term Selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
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Bullish bounce off pullback support?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.89466
1st Support: 0.89050
1st Resistance: 0.90056
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AUDCAD: We may see the Bullish reversal on 1 hour TF.The pair had a good bullish run on daily time frame. It us retracing trendline resistance, as expected. On 1H chart it has shown the bullish divergence on RSI and price is in between 0.38 & 0.5 Fib. level which creates a bullish bias.
If price closes above the last High we may initiate a long position. Potential TPs have been marked on the chart.
What is your opinion.
AUDCAD - Look for a long !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from bullish OB.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of CPI on AUD and Interest Rate on CAD. News with high impact on currencies.
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AUDCAD MOVES WITHIN CHANNELOn Monday, January 27, reports showed China’s manufacturing activity contracted for the first time in four months, with the PMI dropping to 49.1 from 50.1 in December. The decline was attributed to the Lunar New Year holidays, as factory production slowed due to worker absences.
Given China's role as Australia's largest trading partner, particularly for commodities like iron ore and coal, reduced industrial demand impacts Australia's economy. Consequently, the Aussie weakened, causing AUDCAD to decline by around 0.40% following the data release.
UPCOMING CATALYST
On Wednesday, Australia's inflation data is set for release, with a projected quarter-over-quarter increase of 0.1% from 0.2% to 0.3%, and a year-over-year rise of 0.2%. However, the trimmed mean CPI is anticipated to dip to 0.6% from the previous 0.8%. This data will likely influence market sentiment around the Reserve Bank of Australia's policy stance.
Later in the day, attention will shift to the Bank of Canada (BoC), which is expected to cut its benchmark interest rate from 3.25% to 3.00%. The decision will be accompanied by a press statement that could offer insights into the central bank's future monetary policy direction.
TECHNICAL VIEW
On the 4-hour timeframe, price continues to trade within a channel, with the black trendline acting as resistance and the green lower band as support. The psychological 0.9000 level currently serves as minor support, awaiting a market catalyst for direction.
In view of these data point’s if we see a positive reading on AUD, buyers may target 0.9048, 0.9081, and 0.9130. Conversely, weaker or mixed data could see sellers pushing prices toward 0.8972, 0.8912, and 0.8879. Breakouts beyond these levels are also possible. Meanwhile BoC rate decision is expected to drive prices later in the day.
AUDCAD💡The chart shows a technical analysis of the AUD/CAD currency pair On the daily time frame D1. The price appears to be moving within a descending price channel The price reached the upper border of the descending channel and started to decline, which may indicate a continuation of the downtrend unless the channel breaks higher. The MACD indicator is showing the negative momentum weakening and turning positive, which supported the recent rise. However, there may be weak purchasing power currently.
⛔️It is not investment advice for educational purposes only.
AudCad is bearishthe critical levels is depicted on the chart and the pair is going south for a while
we are following the case for downward tp
please see daily chart as well as below:
Falling towards overlap support?AUD/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.90009
Why we like it:
There is an overlap support level.
Stop loss: 0.89663
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 0.90563
Why we like it:
There is a pullback resistance level.
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AUDCAD: Growth & Bullish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move up.
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AUDCAD after long time, can we see bullishness
OANDA:AUDCAD long period of bearishness, personally having long position from Jul. last year i am have already shared one idea on AUDCAD which is still actual and will attach her.
What here now we have is long DESCENDING CHANNEL, currently its breaked and we have some bounces on sup zones.
Technically picture is strong bullish. Here after long time of bearishness, having strong bullish expectations to start.
TO KNOW: We are have and upper DESCENDING CHANNEL(white lines), which is be breaked and price is start falling, currently if we see now bullish push, price is expected to come in "UPPER CHANNEL" if that happens, will share and new idea and will be same with bullish expectations.
SUP zone: 0.88900
RES zone: 0.90400, 0.90700, 0.91000
AUDCAD SHORTPrice as it is on AUDCAD is expected to form a continuation pattern and continue its sell. However it is important to note that price might still go upwards for a third touch contact or an arc formation to sell.
AUD-CAD Short From Resistance! Sell!
Hello,Traders!
AUD-USD keeps growing
And the pair is locally
Oversold so after it hits
A horizontal resistance
Of 0.9085 from where
We will be expecting a
Local bearish correction
Sell!
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AUDCAD 30M AnalysisThe market structure shows a bullish bias with higher highs and higher lows forming.
🔹 Key Highlights:
Price is respecting demand zones, indicating strong buying interest.
Anticipating a pullback to the demand area around 0.9050 before a bullish continuation.
Targeting the resistance zone near 0.9120.
📈 Plan: Watch for confirmation at the demand zone to enter a long position.
What’s your take on this setup? Let’s discuss in the comments! 👇
#ForexTrading #AUDCAD #TradingView #TechnicalAnalysis #ForexSetup #PriceAction
AUDCAD: Bearish Flag Signals Further DeclineAUDCAD has been consolidating within a well-defined bearish flag formation for the past two weeks, marked by small breakouts of key levels—a typical characteristic of this pattern.
This type of consolidation often acts as a continuation structure in a downtrend.
I anticipate that once the price breaks below the lower boundary of the flag and confirms the breakout through consolidation, the bearish scenario will likely play out.
Such a move would signal the market’s readiness to resume its downward trajectory, offering potential opportunities for short positions.
AUDCAD - 23 Jan 2025 SetupAUDCAD Now making a long billish rally and breaking the bear structure. Spotted demand area (Green Rectangle). its the first demand area after the price breaking bearish structure.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
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Coffee Trade Team
potential iron dome crash/pullbackaudcad had 10 days outperformance
potential profit takings to happen soon, before another major big run up or a reversal
wait for iron dome crash, only enter with ltf confirmations
mean reversion and counter trend play so be mindful of potential ATR and pip range/ profit range
AUD/CAD ShortInto higher timeframe resistance.
Take profit is moving average so will move higher over time.
If stopped, it could set up again depending on price action.
