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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

1.1102AUDR
−0.0014−0.13%
At close at Jul 11, 21:05 GMT
AUD
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CADAUD trade ideas

AUDCAD 1 hour possible Double Bottom📉 Technical Overview 1. Pattern in Formation: Potential Double Bottom Price action suggests a potential double bottom pattern forming around the 0.88800–0.88900 support area. A neckline is clearly identified around the 0.89300 level. Price is currently between the second low and the neckline — an important “watch zone.” 2. Confirmation Required The double bottom is not confirmed yet. A valid long trade setup would require a clear breakout and close above 0.89300 (neckline resistance). 3. Target & Risk The projected move (measured from the neckline to the bottom of the pattern) gives a target around 0.89740. That’s approximately +42–43 pips from the breakout point, offering decent risk-to-reward potential. ✅ Trade Idea (Upon Confirmation) Buy Entry: After a 1H candle closes above 0.89300. Stop Loss: Below the second bottom – around 0.88900 or slightly below. Take Profit: Around 0.89740 (measured target of the pattern). Risk:Reward Ratio: Approx. 1:2, favorable for a breakout trade. ⚠️ Caution If price fails to break above the neckline and reverses, it may revisit the 0.88800 zone or even break down — invalidating the setup. Monitor Canadian and Australian economic news, especially commodity data or employment figures, for volatility spikes.
Long
by Forexbeats
1
AUDCAD SHORT FORECAST Q2 W19 D8 Y25AUDCAD SHORT FORECAST Q2 W19 D8 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅ Weekly order block ✅Intraday 15 order block ✅Tokyo ranges to be filled ✅Intraday bearish breaks of structure to be confirmed 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
AUDCAD – Bearish Divergence on 1H & 4HAUDCAD – Bearish Divergence on 1H & 4H Charts 🐻⚠️ Multi-Timeframe Confluence Hey traders 👋 AUDCAD is showing bearish divergence across both 1H and 4H timeframes, and that’s not something we brush off lightly. When multiple timeframes agree, it’s often a high-probability signal — let’s break it down. 🔻 1H Divergence – Momentum Cracks Appearing On the 1-hour chart, price has been grinding higher, forming a series of higher highs — but here’s the catch: RSI is printing lower highs. That’s bearish divergence in its purest form. Momentum is clearly not confirming the new highs, meaning the bulls are pushing, but not with strength. It's a sign of buyer exhaustion — and potentially, a trap for late longs. ⏳ 4H Divergence – A Bigger Picture Warning Zooming out to the 4-hour chart, the same divergence is present. Price keeps nudging higher, but the RSI continues to lag behind. This isn’t just noise — it’s a red flag. Divergence on the 4H chart means we could be due for a larger correction or even a reversal, not just a quick dip. Add that to the 1H signal and you've got a bearish confluence. 📌 What to Watch A break of short-term support could confirm the divergence playing out Lower highs forming after divergence = strong entry signals Bearish engulfing candle or trendline break = go-time for many traders Be patient — wait for structure to break before committing. This isn’t about guessing; it’s about letting price action do the talking. 🎯 Final Thoughts With divergence across 1H and 4H, the setup is solid. Momentum is fading, and a shift could be just around the corner. Whether you’re day trading or looking for a swing entry, this is prime time to watch AUDCAD closely.
Short
by MAAwan
AUD/CAD - Short Trade IdeaThis is a long Term View for a sell position on the 4D TF. My view on this Bearish movement is that we are respecting the swing from this Supply zone and that we will be rejecting this supply zone taking this previous Sell side Liquidity. Price has been slowing down whilst approaching this Supply zone giving me confluence of the build up of Selling momentum. We are below our EMA and we are also holding sellers momentum from the beginning of the year Good Luck to any traders that will be following this setup
Short
by jamesibartram
Bearish reversal off pullback resistance?AUD/CAD is reacting off the pivot and could reverse to the 1st support. Pivot: 0.89528 1st Support: 0.88159 1st Resistance: 0.90356 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
Market Insights with Gary Thomson: 5 - 9 MayMarket Insights with Gary Thomson: Fed and BoE Rate Decisions, Canada Jobs, Earnings Reports In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode, we discuss: — Fed’s Interest Rate Decision — BoE’s Interest Rate Decision — Unemployment Rate in Canada — Corporate Earnings Statements Don’t miss out—gain insights to stay ahead in your trading journey. This video represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
4
AUDCAD Will Go Higher! Long! Please, check our technical outlook for AUDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.894. Considering the today's price action, probabilities will be high to see a movement to 0.905. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDCAD – 4H Technical & Fundamental AnalysisAUDCAD – 4H Timeframe (H4) Technical & Fundamental Analysis The Australian Dollar currently holds a slight edge over the Canadian Dollar as improving economic sentiment in China and stable commodity demand lend strength to AUD, while expectations of earlier rate cuts by the Bank of Canada weigh on CAD. Looking at the AUDCAD 4-hour chart, the pair has been trading in a range below the minor resistance at 0.89500. A trendline connecting three highs has now been broken, suggesting early signs of bullish pressure. However, confirmation is still needed before a directional bias is confirmed. We are watching for two key confirmations: A break and close above 0.89500, accompanied by signs of buyer accumulation, could signal a Change of Character (CHOCH) and shift market structure bullish. A liquidity sweep or stop-hunt below the resistance could trap early buyers before a stronger breakout. If price then reclaims and closes above the 0.89500 level again, it would confirm bullish intent. A potential area of interest lies around 0.89570 (possible breakout point), with risk managed below 0.89040 if liquidity forms. The longer-term target is the next major resistance zone near 0.90650. This setup reflects evolving bullish structure and market positioning, supported by improving AUD fundamentals. Fundamentals Supporting AUD: -China Economic Recovery Signs: Recent Chinese data shows early signs of stabilization, which supports AUD due to Australia’s strong trade ties with China. -Stable Commodity Demand: Iron ore and other exports remain in steady demand, reinforcing the AUD’s fundamental base. -RBA Policy Stability: The Reserve Bank of Australia is currently neutral on rates, offering more support compared to dovish central banks. Fundamentals Weakening CAD: -BoC Dovish Outlook: Markets expect the Bank of Canada to begin cutting interest rates earlier than other central banks, which weighs on CAD. -Flat Oil Prices: Oil, a key Canadian export, has shown lackluster performance recently, limiting CAD’s upside. -Mixed Canadian Data: Economic indicators like employment and GDP have been inconsistent, raising caution among investors. 📌 Disclaimer: This is not financial advice. As always, wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see, not what you feel.
by RebornFXTrader
AUDCAD SHORT FORECAST Q2 W19 D5 Y25AUDCAD SHORT FORECAST Q2 W19 D5 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅ Weekly order block ✅Intraday 15 order block ✅Tokyo ranges to be filled ✅Intraday bearish breaks of structure to be confirmed 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT