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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

AUDCAD anticipating bullish moveMy bias on this pair remains bullish. Price reacted very good to that resistance area, creating fractal structure and providing us with a retracement. This allows us to get into long positions at a discount. What I want to see now , is some bullish reaction to 1 of the highlighted areas. I believe we will see a deeper retraction to 1 of the order blocks (yellow), but it's possible that price won't get past 1 of the support areas (green). Either way, I want to see bullish structure on the lower TF's before I go long on this pair.
Long
by nortandb
6
AUD/CAD – Reversal Setup Watch (4H Chart)AUD/CAD just made a strong move down, but instead of reacting, I’m observing the chart closely for a possible divergent reversal setup. This is not a trade entry—this is a watchlist note based on what would qualify as a potential long. Key Conditions I'm Watching For ✅ Momentum divergence developing—momentum is high but starting to tilt downward ✅ Rejection pattern such as: A hammer candle Multiple failed attempts to go lower Strong wick showing price rejection ✅ Volume must be at least 75+ to validate the shift ✅ Structure must align with the idea—price should show hesitation at the lows, not continuation Chart Notes This chart currently shows: 2 documented losses—included for transparency and improvement (1 provided a valuable lesson to be applied in all future trades) Final Thoughts This is a high-potential scenario developing, not a confirmation to enter. My strategy requires multiple layers of alignment before committing to any trade. I’ll continue monitoring this pair for a setup that meets all conditions. If it comes, I’ll be ready. If not, I wait.
by darlwright
1
Potential bearish drop?AUD/CAD is rising towards the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 0.92037 1st Support: 0.91125 1st Resistance: 0.92677 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.
Short
by ICmarkets
AUDCAD: Bearish as Aussie Struggles Against Resilient LoonieAUDCAD has come under renewed selling pressure, sliding back toward key support zones after failing to sustain gains above 0.9200. The Canadian dollar remains supported by solid employment data and oil market stability, while the Australian dollar faces headwinds from weaker Chinese demand and a cautious RBA. With momentum shifting lower, AUDCAD looks poised for further downside if support levels give way. Current Bias Bearish – Price is testing the lower end of its recent consolidation and risks breaking down toward 0.8950. Key Fundamental Drivers AUD Weakness: RBA’s cautious tone and China’s slower growth outlook weigh heavily on the Australian dollar. CAD Strength: Stronger-than-expected labor market data and oil resilience underpin CAD. Commodity Flows: Oil boosts CAD, while iron ore softness limits AUD upside. Macro Context Interest Rate Expectations: RBA remains cautious, signaling no rush to hike, while BoC is data-dependent but reluctant to cut aggressively amid still-high inflation. Economic Growth Trends: Australia faces slowing domestic consumption, while Canada’s growth outlook is steadier, albeit with labor market slack. Commodity Flows: CAD benefits from oil’s relative stability, while AUD remains exposed to weakening iron ore demand from China. Geopolitical Themes: US-China tariff tensions pressure AUD more directly, while CAD benefits from closer US trade alignment. Primary Risk to the Trend A rebound in Chinese stimulus measures or stronger-than-expected Australian data could provide support for AUD. Most Critical Upcoming News/Event Australia jobs data and CPI prints – critical for RBA policy outlook. Canada CPI – pivotal for BoC’s rate stance. Leader/Lagger Dynamics AUDCAD is typically a lagger, reflecting broader AUD performance against China-sensitive pairs and CAD’s alignment with oil. It follows AUDUSD trends and CAD crosses but reacts slower than majors like AUDUSD or USDCAD. Key Levels Support Levels: 0.9050 0.8950 Resistance Levels: 0.9160 0.9230 Stop Loss (SL): 0.9230 Take Profit (TP): 0.8950 Summary: Bias and Watchpoints AUDCAD is bearish, with downside momentum reinforced by weak AUD fundamentals and firmer CAD drivers. A break below 0.9050 opens the path to 0.8950, while resistance at 0.9160–0.9230 caps upside. Stop loss sits above resistance at 0.9230, and profit-taking is aimed near 0.8950. Watch for Australia’s jobs/CPI data and Canada’s CPI as the key catalysts that could either reinforce or undermine this bearish setup.
Short
by ultreosforex
AUD/CAD BULLS ARE STRONG HERE|LONG Hello, Friends! We are going long on the AUD/CAD with the target of 0.917 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. 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 COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
AUD/CAD: Bearish Drop to 0.91630?FX:AUDCAD is signaling a bearish move on the 1-hour chart , with an entry zone between 0.92215-0.92280 near a resistance level. First target at 0.91875 🎯 marks initial support, while the second at 0.91630 🎯 offers a deeper downside play. 📈 Set a stop loss on a daily close above 0.9232 to manage risk effectively. 🌟 A break below 0.92 with strong volume could confirm this drop, driven by CAD strength and AUD weakness. Watch commodity trends! 💡 📝 Trade Plan: ✅ Entry Zone: 0.92215 – 0.92280 (resistance area) ❌ Stop Loss: Daily close above 0.9232 to manage risk 🎯 Target 1: 0.91875 (initial support) 🎯 Target 2: 0.91630 (deeper downside target) Ready for this move? Drop your take below! 👇
Short
by Master_Hunter
6
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by FXOpen
Potential pullback for AUDCAD?Hello traders! We are taking a look at this market for a potential pullback towards support around the 0.91600 area. According to Reuters, the Canadian dollar is showing signs of strengthening due to the impact of the decade bond and so we are looking for short opportunities in this market. The market is currently hovering around September’s high and we could see rejections from this level and a possible bearish move towards 50% of last week’s low on Thursday. Looking for a daily closure below 0.91950 to set up short positions in our sell zone if price revisits the area and will be targeting 0.91630. We will continue to looking for other confirmations to support this idea.
Short
by PipTips