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Aud-cad

AUDCAD - Sell OpportunityCriteria: 1. Fibo retracement 62% 2. Fibo extension 161% 3. 2011 low 4. Previous 2019 high 5. The round number 0.96000 6. Channel projections From a technical perspective, this level should be pretty strong, add here some fundamentals, etc. Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice week, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
Short
by VaidoVeek
AUD/CAD long opportunity - The pair extends gains above 200-DMA - Breaks above major trendline resistance at 0.9540 - RSI above 50, bias higher - Stochs sharply higher, momentum bullish What Watch: - Monthly New Housing Price Index (NHPI) from Canada - Speech from Bank of Canada’s (BOC) governing council member Carolyn Wilkins at the World Bank’s panel discussion. Support levels - 0.9537 (trendline), 0.9518 (5-DMA), 0.9497 (200-DMA) Resistance levels - 0.9586 (61.8% Fib), 0.96, 0.9631 (Dec 31 2018 high) Stay long on dips, SL: 0.9510, TP: 0.9585/ 0.96/ 0.9630
Long
by FxWirePro
AUDCAD Approaching Support, Prepare For A Bounce AUDCAD is approaching its support at 0.9481 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 0.9511(50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
Financial markets await the latest ECB economic assessmentFinancial markets await the latest economic assessment from the ECB ECB headlines During the upcoming trading week traders and investors look to the European Central Bank rate decision and press conference with ECB President Mario Draghi. The ECB is widely expected to keep rates on hold, with market participants expecting President Draghi to turn even more dovish, as economic growth and data points from the German and French economies are steadily worsening. Aside from the ECB, we see the release of global inflation data from the United States, German, Chinese, Italian and Indian economies. Traders also await the FOMC Meeting Minutes, the latest Brexit news and important Trade data from the United Kingdom and Chinese economies. Monday 8th April, USD US Factory Orders Domestic US manufacturers report Factory Orders in regards to the US dollar volume of new orders, shipments, unfilled orders, and inventories. Factory Orders provides an intelligible, clear view of the whole US manufacturing sector. More precisely, the new orders figure acts as an indicator of overall demand across industries while Shipments provide a gauge of supply. Unfilled orders and Inventory figures accommodate the balance between orders and shipments. • The EURUSD pair is only bullish while trading above the 1.1250 level, further upside towards the 1.1290 and 1.1330 resistance levels seems possible. • If the EURUSD pair moves below the 1.1250 level, sellers are likely to test towards the 1.1170 and 1.1050 support levels. Tuesday 9th April, USD US JOLTS Job Survey The Job Openings and Labor Turnover Survey, also known as, JOLTS, is a US jobs survey that is published monthly. JOLTS examines the jobs market and collects information from more than 15,000 workplaces across the United States. The survey collects numerical and qualitative data that concerns job hires, job openings, layoffs, separations, resignations and also recruitments. • The AUDUSD pair is only bullish while trading above the 0.7230 level, key resistance is found at the 0.7380 and 0.7450 levels. • If the AUDUSD pair moves below the 0.7230 level, sellers may test towards the 0.7130 and 0.7000 levels. Wednesday 10th April, USD US Consumer Price Index The US Consumer Price Index is released by the US Bureau of Labor Statistics and evaluates the fluctuations in the cost of living by measuring the changes in prices consumers pay for a set of items. CPI is used as the headline figure for inflation, as inflation reflects a decline in the US dollars purchasing power, which means that the US dollar depreciates and is therefore capable of buying fewer goods and services. In terms of an inflation measurement, the Consumer Price Index is the most obvious way to quantify fluctuations in purchasing power. • The GBPUSD pair is only bullish while trading above the 1.3100 level, further upside towards the 1.3180 and 1.3300 levels seems likely. • If the GBPUSD pair moves below the 1.3100 level, sellers are likely to test towards the 1.2970 and 1.2880 support levels. Thursday 11th April, EUR ECB Interest Rate Decision After the ECB Interest Rate Decision is announced, the European Central Bank holds a lengthy monthly conference with ECB President Mario Draghi delivering a prepared statement. The main points of the conference are inflation and an economic overview and examination of the causes behind the Governing Council’s decision. During the conference, ECB President Mario Draghi answers questions and also gives important clues related to future monetary policy. • The EURGBP pair is bearish while trading below the 0.8640 level, further downside towards the 0.8510 and 0.8440 support levels seems possible. • If the EURGBP pair moves above the 0.8640 level, buyers are likely test towards the 0.8680 and 0.8740 resistance levels. Friday 12th April, CNY Chinese Trade Balance The Chinese Trade Balance released by the General Administration of Customs of the People's Republic of China is the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported and is known as a trade surplus if the exports exceed imports. When imports are greater than exports, a deficit is created. • The USDCAD pair is only bullish while trading above the 1.3300 level, further upside towards 1.3400 and 1.3550 levels then remains possible. • If the USDCAD pair trades below the 1.3300 level, sellers are likely to test the 1.3220 and 1.3160 support levels.
by OctaFX_Official
SHORT AUDCAD is Approaching Resistance, Prepare for Further DropAUDCAD is approaching its resistance at 0.9507(61.8% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to drop further to its support at 0.9440(76.4% Fibonacci retracement , horizontal pullback support,61.8% Fibonacci extension ). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by ICmarkets
AUDCAD is Approaching Resistance, Prepare for Further Drop AUDCAD is approaching its resistance at 0.9507(61.8% Fibonacci extension ,61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.9440(76.4% Fibonacci retracement, horizontal pullback support,61.8% Fibonacci extension). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
AUDCAD approaching support, potential bounce! AUDCAD is approaching our first support at 0.9485 (horizontal overlap support, 38.2% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong bounce to our major resistance at 0.9524 (horizontal overlap resistance, 50% fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets