🔹 Pair: AUD/CAD
🔹 Timeframe: 4H
🔹 Direction: Long
🔹 Strategy: Trend Continuation + Macro Confluence
🔹 Trade Active: 📍 0.8945 (CMP)
📊 Fundamental Bias
🇦🇺 AUD – Bullish
• Seasonal Surge: Historically strong from May 19 to June 10.
• Conditional Score Gain: AUD rose from 21 → 24 (momentum improving).
• Macro View: Inflation stabilizing, dovish stance offset by improving sentiment.
• VIX < 20: Risk-on conditions favor AUD.
🇨🇦 CAD – Bearish
• Flat Conditional Score: No improvement (2 → 2).
• Hawkish CB but Weak Data: CPI softening, trade risks persist.
• Global Sentiment: Oil stagnation + cautious BoC tone = headwinds for CAD.
⸻
🧠 Confluence Summary
✅ AUD macro + seasonal strength
✅ CAD remains fundamentally weak
✅ Risk-on supports commodity currencies
✅ 4H trendline support holding
⸻
🖼️ Technical Setup
• Entry: 0.8945
• Stop Loss: 0.8890 (below ascending trendline + support zone)
• Take Profit: 0.9036 (prior resistance + TP1)
• Risk:Reward: ~1.67
🟠 Optional Target: 0.9045 for extended move.
📌 Outlook
I’m bullish on AUDCAD for the week of May 19–23, supported by:
• Seasonal patterns
• Risk tone
• CAD stagnation
• Clear trend structure
Will look to trail SL as price closes above 0.8975. Clean invalidation below 0.8890.
⸻
💬 What’s your bias on AUD this week?
Drop a comment & let’s discuss 📉📈
🔹 Timeframe: 4H
🔹 Direction: Long
🔹 Strategy: Trend Continuation + Macro Confluence
🔹 Trade Active: 📍 0.8945 (CMP)
📊 Fundamental Bias
🇦🇺 AUD – Bullish
• Seasonal Surge: Historically strong from May 19 to June 10.
• Conditional Score Gain: AUD rose from 21 → 24 (momentum improving).
• Macro View: Inflation stabilizing, dovish stance offset by improving sentiment.
• VIX < 20: Risk-on conditions favor AUD.
🇨🇦 CAD – Bearish
• Flat Conditional Score: No improvement (2 → 2).
• Hawkish CB but Weak Data: CPI softening, trade risks persist.
• Global Sentiment: Oil stagnation + cautious BoC tone = headwinds for CAD.
⸻
🧠 Confluence Summary
✅ AUD macro + seasonal strength
✅ CAD remains fundamentally weak
✅ Risk-on supports commodity currencies
✅ 4H trendline support holding
⸻
🖼️ Technical Setup
• Entry: 0.8945
• Stop Loss: 0.8890 (below ascending trendline + support zone)
• Take Profit: 0.9036 (prior resistance + TP1)
• Risk:Reward: ~1.67
🟠 Optional Target: 0.9045 for extended move.
📌 Outlook
I’m bullish on AUDCAD for the week of May 19–23, supported by:
• Seasonal patterns
• Risk tone
• CAD stagnation
• Clear trend structure
Will look to trail SL as price closes above 0.8975. Clean invalidation below 0.8890.
⸻
💬 What’s your bias on AUD this week?
Drop a comment & let’s discuss 📉📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.