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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

AUD/CAD - Long This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis. Please note the is a counter trend idea targeting the daily swing structure. Higher Time Frame Weekly - Structure on the weekly chart is bearish. Daily - Structure on the daily chart is bearish. Medium Timeframe 4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame. Lowe Timeframe 1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher. Hopefully the chart provides a better explanation. Any feedback is appreciated.
Long
by warsam
AUDCAD Intraday trade 15/01/2025On the daily timeframe, #AUDCAD remains in a clear bearish trend, but as discussed earlier, the pair is currently in a pullback phase, forming a potential lower high. At present, price is hovering around the 0.88966 level, which serves as a key area of interest for sellers. Traders should be watching closely for signs of rejection or bearish confirmation at this level, which could present a solid selling opportunity in line with the prevailing trend. Alternatively, if the pullback extends further, the next significant level to monitor is around 0.89667, where deeper retracement could offer another opportunity to enter short positions. It's important to remain patient and allow price action to dictate the next move within this ongoing bearish structure. Happy Trading
Long
by Thetraderscollective
AUDCAD Will Go Lower! Short! Here is our detailed technical review for AUDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.887. Considering the today's price action, probabilities will be high to see a movement to 0.882. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDCAD Intraday trade idea WC 13/01/2025AUDCAD continues to show bearish momentum on the daily timeframe, but the current level can be interpreted differently depending on how the trendline is drawn. If the trendline has already been broken, the pair appears to be continuing downward after retesting the 0.88041 level during the Asian session. Alternatively, if the pair is still respecting the trendline, we may currently be at the bottom of the trendline, waiting for a pullback to create a lower high near the 0.89667 level before resuming the bearish trend. Traders should closely monitor price action to confirm whether the trendline break is valid or if the pullback scenario will materialize.
Short
by Thetraderscollective
Idea on a chart The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% lower at C$1.4403 to the greenback, or 69.43 U.S. cents, after trading in a range of 1.4392 to 1.4437. Canadian government 10-year bond yields rose 8 basis points to 3.429%. The yield on similar U.S. government benchmark debt rose to 4.7674%. U.S. February crude futures rose $2.99 to $76.91 a barrel on Friday. The value of building permits in Canada fell -5.9% in November, Statistics Canada said.
by EZIO-FX