AUDCAD: Important Breakout 🇦🇺🇨🇦
AUDCAD managed to violate a support line of a wide
horizontal range on a daily.
It opens a potential for a further decline.
Next support - 0.892
❤️Please, support my work with like, thank you!❤️
CADAUD trade ideas
AUDCAD updated Count
Trade wars have been giving a lot of volatility to any pair with CAD.
I´m currently working with the count on the image. Blue B would be happening as a flat correction, and we would soon regain the uptrend for five waves up, for Blue C.
AUDCADAUDCAD is in bearish trend.
Potentially printing LH and LL.
No sign of reversal here.
Aligator also shown that trend will go down.
we sell at CMp.
AUD/CAD Under Pressure as Trade War EscalatesChina responded with retaliatory tariffs on US imports, announcing 15% duties on coal and liquefied natural gas (LNG) from the US, alongside 10% additional tariffs on crude oil, agricultural equipment, and automobiles. This deterioration in global trade relations has weakened commodity-linked currencies, particularly the Australian dollar, as China remains its largest trading partner. Meanwhile, the Canadian dollar is relatively stable, benefiting from moderate oil price gains and Canada’s exemption from immediate US tariffs.
Key Technical Levels
• Resistance Levels: 0.90115, 0.90858
• Support Levels: 0.89655, 0.89328, 0.88912, 0.88452
Upcoming Key Economic Events
• Canada’s Trade Balance (Wednesday) – Expected to impact the CAD’s performance, particularly amid ongoing US trade policy uncertainty.
• Australia’s Trade Balance (Thursday) – A weaker-than-expected report could exert further downside pressure on AUD.
• China & Canada’s PMI Data – Investors will closely watch economic sentiment indicators for potential shifts in risk appetite.
• Canada’s Employment Report – Job market strength will be key in determining the Bank of Canada’s future rate policy stance.
AUDCAD Will Go Up! Long!
Take a look at our analysis for AUDCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.901.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
AUDCAD - Long TradeGBPCAD is forming higher highs with no bearish divergence.
Entry is at the retracement at HL.
STRONG UPTREND FORMING UPGood day traders, as we can see that AUDCAD has high Market volatility and the current trend is really clear but we can see Bulls have the advantage
A Change of Character(trend) occurred and we can see a NEW HIGH formed, giving us a sign bulls might be in control
The best move would be to wait for the market to break above the NEW HIGH and wait for a retest that will confirm that buyers indeed took over the market and are in control, meaning we can BUY
but if it breaks below the Major low, then it means this set up failed and sellers are taking over
AUDCAD buysLooking for orderflow continuation to the upside as CAD is showing relative weakness continually.
Trade safe🥂
New value area high createdNew value area high created to start Monday
CAD is more impacted due to its trade partners, although AUD affected as well due to ties with China
China also denounceds Trump tariff: 'Fentanyl is America's problem'
information created and published doesn't constitute investment advice!
NOT financial advice
One of my best trades on the weekThis trade was 50 pips move and i had it at break even. FVG at 10am Ny was met with break of structure. The Australian Dollar is primed to benefit as the U.S. Dollar bull run runs out of steam.
A new analysis says the Australian Dollar stands to be the big winner of an eventual capitulation in the U.S. Dollar rally.
AUDCAD: Short-Term Bullish Outlook Amid Trade Tariff SpeculationAUDCAD: Short-Term Bullish Outlook Amid Trade Tariff Speculations
AUDCAD broke out from a bullish wedge pattern, signaling further growth potential. However, the recent bullish wave was driven aggressively by comments made last night, indicating that the US is ready to impose a 25% tariff on Canada and Mexico.
These comments sparked a significant upward movement in the chart. However, as long as the new tariffs are not yet approved, there is a likelihood that AUDCAD may rise further in response to the news.
The negative momentum surrounding the CAD due to these speculations should support AUDCAD's growth in the short-term.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCAD HAD A STRONG REBOUND AT SUPPORTAUDCAD showed a bounce off the support level of 0.88587 i anticipate a buy opportunities to arise if price breaks above 0.90774 the overall flow of price remains bullish according to higher timeframe price.
Waiting for momentum close abovemean reversion trade, AUDCAD to regain its main trend
CAD tariff news as risk
Feb 1st
imo possible people will start derisking from CAD in general rather than double down at this point of time
AUDCAD: Pullback Trade From Support 🇦🇺🇨🇦
AUDCAD looks bullish after a test of a key intraday/daily support.
As a confirmation I see a double bottom pattern followed
by a nice bullish imbalance on an hourly.
We can expect a pullback to 0.8989
❤️Please, support my work with like, thank you!❤️
AUDCAD Long Term Selling Trading IdeaHello Traders
In This Chart AUDCAD HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (AUDCAD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Bullish bounce off pullback support?AUD/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.89466
1st Support: 0.89050
1st Resistance: 0.90056
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.
AUDCAD: We may see the Bullish reversal on 1 hour TF.The pair had a good bullish run on daily time frame. It us retracing trendline resistance, as expected. On 1H chart it has shown the bullish divergence on RSI and price is in between 0.38 & 0.5 Fib. level which creates a bullish bias.
If price closes above the last High we may initiate a long position. Potential TPs have been marked on the chart.
What is your opinion.
AUDCAD - Look for a long !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from bullish OB.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of CPI on AUD and Interest Rate on CAD. News with high impact on currencies.
Like, comment and subscribe to be in touch with my content!
AUDCAD MOVES WITHIN CHANNELOn Monday, January 27, reports showed China’s manufacturing activity contracted for the first time in four months, with the PMI dropping to 49.1 from 50.1 in December. The decline was attributed to the Lunar New Year holidays, as factory production slowed due to worker absences.
Given China's role as Australia's largest trading partner, particularly for commodities like iron ore and coal, reduced industrial demand impacts Australia's economy. Consequently, the Aussie weakened, causing AUDCAD to decline by around 0.40% following the data release.
UPCOMING CATALYST
On Wednesday, Australia's inflation data is set for release, with a projected quarter-over-quarter increase of 0.1% from 0.2% to 0.3%, and a year-over-year rise of 0.2%. However, the trimmed mean CPI is anticipated to dip to 0.6% from the previous 0.8%. This data will likely influence market sentiment around the Reserve Bank of Australia's policy stance.
Later in the day, attention will shift to the Bank of Canada (BoC), which is expected to cut its benchmark interest rate from 3.25% to 3.00%. The decision will be accompanied by a press statement that could offer insights into the central bank's future monetary policy direction.
TECHNICAL VIEW
On the 4-hour timeframe, price continues to trade within a channel, with the black trendline acting as resistance and the green lower band as support. The psychological 0.9000 level currently serves as minor support, awaiting a market catalyst for direction.
In view of these data point’s if we see a positive reading on AUD, buyers may target 0.9048, 0.9081, and 0.9130. Conversely, weaker or mixed data could see sellers pushing prices toward 0.8972, 0.8912, and 0.8879. Breakouts beyond these levels are also possible. Meanwhile BoC rate decision is expected to drive prices later in the day.
AUDCAD💡The chart shows a technical analysis of the AUD/CAD currency pair On the daily time frame D1. The price appears to be moving within a descending price channel The price reached the upper border of the descending channel and started to decline, which may indicate a continuation of the downtrend unless the channel breaks higher. The MACD indicator is showing the negative momentum weakening and turning positive, which supported the recent rise. However, there may be weak purchasing power currently.
⛔️It is not investment advice for educational purposes only.
