AUDCAD: Pullback From Resistance 🇦🇺🇨🇦
AUDCAD may retrace from the underlined blue resistance.
A breakout of a support line of a rising wedge pattern
after its test leaves a strong bearish clue.
We can expect a pullback to 0.8962 level.
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About Australian Dollar/Canadian Dollar
The Australian Dollar vs. the Canadian Dollar. Both of these currencies are regarded as commodity currencies and are considered to be a relatively stable currency pair. The CAD fortunes are closely related to the U.S. because it is their largest trading partner and neighbor. The AUD is more effected by its alignment with Australia and emerging Asian markets.
Related currencies
AUD/CAD–From Downtrend to Breakout Watch/Sideways ConsolidationAfter an extended downtrend, AUD/CAD transitioned into a sideways consolidation pattern, holding between clearly defined support and resistance levels.
Support zone: ~0.8800 – 0.8850
Resistance zone: ~0.9000 – 0.9050
Potential breakout target: 0.9200
Price is testing the upper boundary of the ra
AUD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Bearish trend on AUD/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.892.
Discl
AUDCAD SHORT Market structure bearish on HTFs 3
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Structure point Daily
Around Psych Level 0.89500
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.18
Entry 120%
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Bearish reversal?AUD/CAD is reacting off the pivot which has been identified as a multi swing high resistance that lines up with the 78.6% Fibonacci projection and could drop to the 1st support, which acts as a pullback support that aligns with the 50% Fibonacci retracement.
Pivot: 0.90103
1st Support: 0.89525
1s
AUDCAD SHHORTS Documentation Market structure 3
At AOI DW
Touching EMA W
Candlestick rejection DW
Previous Structure point DW
Round Psych Level 0.90000
Touching EMA Y
H4 Candlestick rejection Y
Rejection from Previous structure Y
Levels 4.75
Entry 125%
Trade executed but was not posted on TV, Documenting for future me
R
AUDCAD; Heikin Ashi Trade IdeaIn this video, I’ll be sharing my analysis of AUDCAD, using FXAN's proprietary algo indicators with my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
I’m always happy to receive any feedb
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of AUDCAD is 0.89934 CAD — it has increased by 0.18% in the past 24 hours. See more of AUDCAD rate dynamics on the detailed chart.
The value of the AUDCAD pair is quoted as 1 AUD per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 AUD.
The term volatility describes the risk related to the changes in an asset's value. AUDCAD has the volatility rating of 0.48%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The AUDCAD showed a 0.44% rise over the past week, the month change is a 0.58% rise, and over the last year it has decreased by −0.56%. Track live rate changes on the AUDCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
AUDCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade AUDCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with AUDCAD technical analysis. The technical rating for the pair is strong buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the AUDCAD shows the buy signal, and 1 month rating is neutral. See more of AUDCAD technicals for a more comprehensive analysis.