AUDCAD 2H: Support Retest Opens Door for Bullish RecoveryAUDCAD 2H: Support Retest Opens Door for Bullish Recovery
AUDCAD is testing the marked support zone near 0.9900 after facing rejection from higher levels. If buyers defend this area and price breaks above the descending trendline, a recovery toward the marked resistance zones could develop.
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Australian Dollar/Canadian Dollar
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Compare with AUD to CAD
Pair info
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.
AUDCAD Descending Channel Retest & Short OpportunityExecutive Summary:
The AUDCAD pair on the 4-hour timeframe is currently respecting a well-defined descending channel structure. Following a rejection near the upper bound of the major channel, price action is consolidating near a minor supply area / short-term resistance zone around 0.99500. A succ
Could we see a bounce from here?AUD/CAD is falling toward the support level, which is a pullback support, and could bounce from this level to our take profit.
Entry: 0.99261
Why we like it:
There is a pullback support level.
Stop loss: 0.98397
Why we like it:
There is a pullback support level.
Take profit: 1.00094
Why we like i
AUDCAD | 1H Bullish Setup AUDCAD is showing a potential bullish continuation setup after reacting from the 0.618 Fibonacci retracement zone. Price has recovered toward the 0.5 Fibonacci level, and the focus is on whether buyers can sustain the momentum.
Entry: 0.99364
Take Profit: 0.99807
Stop Loss: 0.98910
The bullish scena
AUDCAD: Confirmed Liquidity Sweep 🇦🇺🇨🇦
I see a confirmed buy-side liquidity sweep on AUDCAD on a 4h time frame.
A valid bearish change of character provides a strong confirmation.
Expect a retracement to 0.9934 level.
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AUDCAD: Bearish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the AUDCAD pair price action which suggests a high likelihood of a coming move down.
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AUDCAD H1 | Bullish Reaction Off Pullback SupportMomentum: Bullish
Price is currently above the ichimoku cloud.
Buy entry: 0.99311
- Pullback support
- 50% Fib retracement
- 100% Fib projection
Stop Loss: 0.99053
- Pullback support
Take Profit: 0.99673
- Swing high resistance
High Risk Investment Warning
Stratos Markets Limited (fxcm.com/uk),
Could we see a reversal from here?AUD/CAD is rising to an overlap resistance and could reverse from here to our take profit.
Entry: 0.98417
Why we like it:
There is an overlap resistance level.
Stop loss: 0.98935
Why we like it:
There is a pullback reistance.
Take profit: 0.97646
Why we like it:
There is a pullback support level
Bullish bounce off?AUD/CAD has bounced off the pivot, which is a pullback support, and could rise toward the 1st resistance, which is a pullback resistance.
Pivot: 0.98976
1st Support: 0.98414
1st Resistance: 0.99799
Disclaimer:
The opinions given above constitute general market commentary and do not constitute th
Bullish bounce at strong support?AUD/CAD is falling toward the pivot, which is an overlap support and could bounce towards the 1st resistance, which is also an overlap resistance.
Pivot: 0.98976
1st Support: 0.98414
1st Resistance: 0.99631
Disclaimer:
The opinions given above constitute general market commentary and do not cons
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current rate of AUDCAD is 0.98209 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 0.47%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The AUDCAD showed a −0.66% fall over the past week, the month change is a −0.85% fall, and over the last year it has increased by 7.77%. 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 sell 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 neutral signal, and 1 month rating is buy. See more of AUDCAD technicals for a more comprehensive analysis.









