Aussie Rolls Over as Soft CPI Kills RBA-Hike BetsThe Australian dollar is the weakest FX major thanks to CPI not being as hot as expected. While we cannot exactly call the 3.6% trimmed mean print weak, its enough to cull bets of an RBA hike in August and raises the prospects of a terminal rate at 4.35%. I look at AUD/USD levels and market position
Australian Dollar/Canadian Dollar
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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 H1 | Bullish Bounce Off Overlap SupportMomentum: Bullish
Price is currently above the ichimoku cloud.
Buy entry: 0.98523
- Overlap support
- 61.8% Fib retracement
Stop Loss: 0.98320
- Swing low support
Take Profit: 0.98808
- Swing high resistance
High Risk Investment Warning
Stratos Markets Limited (fxcm.com/uk), Stratos Europe Ltd
Bearish reversal setup?AUD/CAD is rising to the resistance level, which is an overlap resistance and could reverse from this level to our take-profit.
Entry: 0.9842
Why we like it:
There is an overlap resistance level.
Stop loss: 0.98701
Why we like it:
There is a pullback resistance level.
Take profit: 0.98018
Why we
Rising towards 127.2% Fib resistance?AUD/CAD is rising toward the pivot, which is an overlap resistance that is slightly above the 127.2% Fibonacci extension and could reverse toward the 1st support, which is a pullback support.
Pivot: 0.98819
1st Support: 0.98367
1st Resistance: 0.99398
Disclaimer:
The opinions given above constit
Bearish drop off?AUD/CAD is rising towards the resistance level, which is an overlap resistance and could drop from this level to our take-profit.
Entry: 0.98160
Why we like it:
There is an overlap resistance level.
Stop loss: 0.98502
Why we like it:
There is a pullback resistance level.
Take profit: 0.97685
Why
AUD/CAD Liquidity Grab Alert | High Probability Bullish Setup🦅💰 AUD/CAD "AUSSIE vs LOONIE" — BULLISH HEIST IN MOTION 🚨📈
Forex Market Trade Opportunity Guide | Day/Swing Trade 🔥
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🔓 Entry: Open entry accepted at ANY price level (Thief OG style — no fixed door, we're breaking in from any angle 🚪)
🏦 Vault Target (Final): @ 1.0000
AUDCAD - Resistance Comes Back Into Focus!AUDCAD continued its bullish momentum after rejecting the blue support area, with buyers successfully pushing price higher toward the next key technical resistance.
Price is now approaching the red resistance and supply area, which has previously acted as an important barrier for the market and is
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
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.
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.









