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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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Double Top formation on AUDCAD - Risky, okay?Price made a strong rally on AUDCAD, climbing aggressively. But now, we’re spotting a possible Double Top formation, two peaks at roughly the same level. At first glance, this looks like a bearish setup. But here’s the caution: in the context of such a powerful uptrend, a Double Top can be tricky. Sometimes, it’s just a pause before buyers push even higher. We can say that the neckline broke rather cleanly, with strong confirmation, but I don't see that much conviction yet from the sellers. Buyers could come back, and the uptrend continues. This is what makes it risky. Above, there’s a strong resistance zone, and that’s exactly where price could be heading next. So, don’t jump in too early. Because fading a strong trend is always risky business… or should I say risky biscuit?
Short
by TrendDiva
15
What are your thoughts for for AUD/CAD!I am still new to trading. I'm using 1H time frame for my analysis then going down to 15m for my entry. Here I drew up Highs and lows, As for me, I see a potential bearish coming. If price pulls back into any on my markings, especially the my golden zone, then I'll look to sell with my TP1 at the first support, and if it breaks, then TP2 to second support. Please let me know if I'm on the right track with this analysis. I'm trying to focus and come up with a plan to stay consistent. I'm using price action style, with highs and lows. Thank you and God Bless!
Short
by kdesrosiers
4
AUDCAD - The next Big Short?AUDCAD is surging on a combination of Gold reaching new highs and Oil testing Quarterly lows affecting the AUD and CAD currencies respectively, each nations exports being closely tied to those commodities. AUDCAD has been parabolically walking a bullish trend fan-line pattern with several attempts to test support. All technical indicators are at historical overbought extremes with many trading programs feeling the impact of the previous weeks readings, many trapped participants exiting their positions to reduce their exposures. Any strengthening of the US dollar will affect the AUD more so than the CAD and could act as the trigger of a sharp longer-term reversal. In the meantime there may be sharp and short bearish pullbacks to test support, so short-term opportunities exist.
by fugutrader
1
"AUDCAD – Double Top Formation: Potential Reversal in Play"The chart is showing a classic Double Top pattern, which is one of the strongest bearish reversal signals in technical analysis. Pattern Structure Price formed two peaks near the same resistance zone, indicating strong selling pressure at that level. The neckline is established at the recent support area where both peaks pull back. This structure signals that buyers have failed twice to break higher, increasing the probability of a downside move. Market Psychology The first peak reflects buyers testing resistance. After the pullback, buyers attempt another push but fail to create a higher high. This failure confirms weakening bullish momentum and gives control to sellers. Trading Plan A confirmed break below the neckline support strengthens the bearish bias. Entry can be planned after a clear close below neckline or a retest rejection. Stop Loss: above the second peak. Target: projected by measuring the height of the Double Top and extending it downwards from the neckline. Risk Management Position sizing must respect account risk (1%–2% rule). Avoid chasing the move; wait for confirmation to avoid false breakouts. Final Note This Double Top on AUDCAD signals a potential trend reversal from bullish to bearish. However, always confirm with additional confluences (EMA trend filters, volume, RSI divergence) before execution.
Short
by Abdul-Sami-TA
AUDCAD Price Forecast – Structural Shift in MomentumAUD/CAD has recently completed a strong trending phase, characterized by a well-defined upward channel with consistent expansions. The sequence of price action showed clear momentum as each retracement was absorbed and followed by renewed buying interest, maintaining structural order throughout the move. However, the latest developments reflect a notable shift in behavior. After a prolonged climb, price is showing signs of losing momentum, with market structure shifts (MSS) indicating that control is gradually transitioning. This suggests that the market is entering a phase of rebalancing, where prior bullish momentum may give way to corrective activity. The projection implies that the pair could be preparing for a deeper adjustment, where short-term liquidity cycles reset positioning before a more sustainable trend emerges. This type of rotation is natural after extended directional moves and often signals the beginning of a new phase rather than immediate continuation. Overall, AUD/CAD is transitioning from strength into a corrective cycle. While the broader market has proven its ability to trend effectively, near-term behavior suggests that the focus will be on how efficiently the market absorbs this correction before defining the next directional phase.
Short
by XAU_EMPIRE
#025: LONG AUD/CAD Investment Opportunity The AUD/CAD pair has experienced a period of marked weakness in recent weeks, with a sequence of lower highs and lower lows that has consolidated a medium-term bearish trend. However, the latest developments on the H4 chart show the emergence of signals that deserve attention. Hello, I'm Andrea Russo, an independent Forex trader and prop trader with $200,000 in capital under management. Thank you in advance for your time. 🔍 Technical Analysis After the decline, a key support area can be seen around the psychological threshold of 0.9100, where prices have slowed the bearish pressure. Momentum indicators (RSI and MACD) show an oversold condition accompanied by a bullish divergence, often a prelude to a technical reversal or at least a pullback. The latest H4 candles signal the entry of buying volumes, with a consolidation pattern that could transform into a rebound phase. Australia remains exposed to a moderate economic cycle, but the recent decline in energy commodities has reduced the relative strength of the CAD, which is closely correlated with oil prices. The Bank of Canada maintains a dovish tone, but the latest macroeconomic data shows signs of an economic slowdown that have dampened the Canadian currency's momentum. Conversely, global risk sentiment appears to be improving, a factor that tends to favor cyclical currencies like the AUD. In this scenario, AUD/CAD could begin a pullback phase from recent lows. The natural target lies in the nearest resistance areas, while the holding of current support remains the key to the validity of this scenario.
Long
by Andrea_Russo_SwipeUP
AUD/CAD Ready to Squeeze 95% Shorts? RSI Reset at 50Is AUD/CAD about to explode higher? 👀 While 95% of traders remain heavily short (Myfxbook), AUD/CAD price action tells a different story. The pair is steadily climbing within a textbook ascending channel on the 1H chart—a classic bullish continuation pattern—with no divergence and strong upward momentum. Currently, RSI is cooling near 50, reflecting healthy consolidation as price retraces slightly inside the channel. This neutral RSI and brief pullback often signal a pause before the next bullish leg, setting the stage for a potential breakout that could catch the crowd off guard. Key Technical Setup Pair: AUD/CAD Timeframe: 1H Trend: Bullish Pattern: Ascending Channel (bullish continuation) Divergence: None Harmonic Patterns: None RSI: Near 50 (retracement phase, potential for renewed upside) I’m planning a buy stop at 0.92312, with SL at 0.91474 and TP1 at 0.93150. Lot size: 0.16 Risk/Reward: 1:1 Risk: $100 | Reward: $100 🔑 Supporting Fundamentals AUD Index: Strong Buy ✅ CAD Index: Sell bias ❌ Market Sentiment: Nearly 95% of traders are short (Myfxbook) — and historically, such extreme crowd shorts often fuel upside squeezes. Macro Data: No major AUD or CAD releases immediately threatening this setup. Risk Sentiment: Global risk sentiment remains stable, supporting commodity currencies like AUD. *With strong fundamentals aligning with technicals, a break above the last Higher High could confirm the next bullish leg. *The brief retracement and mid-level RSI add weight to a healthy continuation rather than a reversal. 💡 Always manage risk and wait for breakout confirmation before entry. 📌 Trade Plan Recap Entry (Buy Stop): 0.92312 Stop Loss: 0.91474 Take Profit 1: 0.93150 Lot Size: 0.16 Risk/Reward: 1:1 What’s your view on AUD/CAD? Drop your thoughts below and let’s discuss. ⚠️ Disclaimer This idea is for educational and informational purposes only and not financial advice. Always do your own analysis and manage risk before trading. #audcad #forex #forextrading #fxtrader #priceaction #tradingview #technicalanalysis #chartpattern #ascendingchannel #bullishtrend #forexsetup #tradingsignals #swingtrade #forexideas #traderlife #marketanalysis #dailyfx #forexcommunity #forexeducation #tradingstrategy #smartmoney #currencytrading #tradeidea #bullishcontinuation #tradingplan #myfxbook #forexsignals #forexmarket #priceactiontrader #riskmanagement #forexcharts #forextrade #tradingupdate #chartanalysis #bullishsetup #longtrade #forexanalysis #forexstrategy #breakouttrade #forexmentor
Long
by asimafridi