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Australian Dollar/Canadian Dollar

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AUDCAD trade ideas

NICE FVG he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025. The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since April 2020 at 1.4244. For the week, the currency was down 0.5%, its third straight weekly decline. Recent reports that Canada was considering tit-for-tat retaliatory tariffs if U.S. President-elect Donald Trump carries out his threat to tax Canadian imports have given traders another reason to bet against the loonie, said Amo Sahota, director at Klarity FX in San Francisco. "It could be a long wait until the U.S. presidential inauguration to see how determined Trump is to begin his second term with a full trade war," Sahota said.
by EZIO-FX
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support. Pivot: 0.90737 1st Support: 0.90129 1st Resistance: 0.91297 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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
AUD/CAD TRADE UPDATE This is what we wanted. Now it’s time to be patient and wait for the signals on the 30-minute chart. Keep in mind that there is major news coming out at 9:45 AM related to AUD pairs. A trade is most likely not going to happen today, which is fine. Remember, it's about high-quality trades and not about being in the market every single day. Focus on high-probability and high-quality trades only. If you preserve your capital and stay disciplined, you will succeed.
Short
by SmartCharts_
AUDCAD 3H ShortThe price has broken below the Ichimoku cloud following a period of consolidation, signaling a confirmed downside move. Currently, it is trading near the retest levels of the Tenkan-sen, Kijun-sen, and the cloud. A short position will be initiated during the Tenkan-sen and Kijun-sen crossover, or after a successful retest.The trade is structured with a minimum risk-reward ratio (RRR) of 1:2, setting the stop-loss above the Kijun-sen at the time of the crossover and above the Ichimoku cloud for added safety.
Short
by ALRDNMRSKY
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position. Technical Outlook: Pattern: Trendline Breakout & Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position above the trendline breakout level, confirming with bullish price action signals. Traders should look for additional confirmation such as continued bullish candlesticks or supportive indicators like RSI and MACD trending upwards. Place stop-loss orders below the breakout level to manage risk, and target higher resistance zones for potential profit.
Long
by PIPSFIGHTER