CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CANADIAN DOLLAR / AUSTRALIAN DOLLAR forum


AUDCAD AUDCAD is a commodity-driven pair, heavily influenced by global trade flows. Both currencies are linked to resources — the Australian Dollar to metals and energy, the Canadian Dollar to oil. This makes the pair useful for studying how commodities impact forex movement.


AUDCAD My view as per Elliot Wave 3 (4H-TF) in impulse will go upto 0.926, then correction in Wave 4 will start till between 0.912-0.908.
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AUDCAD its a fvg sept 5 never been touched from 1hr and down just a letting you guys know in case price starts trading down and weren't aware and its barley noticeable on 4hr though



AUDCAD AUDCAD is showing signs of a potential bearish reversal. After a strong bullish impulse, the price formed an Equal High (EQH) followed by a break of structure (BOS), indicating weakening bullish momentum. The price has now broken below the ascending trendline support, which often signals a shift in market sentiment.

The current price action suggests a possible pullback to retest the trendline or nearby resistance, after which a continuation to the downside is expected. The projected path leads toward the marked support zone and the identified target around the 0.91280 level.

If price respects the structure and fails to reclaim the highs, sellers may look for confirmation to enter short positions targeting that support
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