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 naviga
About Australian Dollar/Canadian Dollar
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 Will Go Lower! Short!
Take a look at our analysis for AUDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.890.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend short
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
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 CF
AUDCAD: More Growth Ahead?! 🇦🇺🇨🇦
AUDCAD bounced strongly after a test of a significant daily/intraday support cluster.
The price managed to violate a resistance line of a falling wedge
pattern and close above that on an hourly time frame.
I expect a movement higher at least to 0.8944
❤️Please, support my work with like, than
AUD-CAD Correction Ahead! Sell!
Hello,Traders!
AUD-CAD keeps going up
But the pair will soon hit
A horizontal resistance level
Around 0.8936 and as the
Pair is locally overbought
We will be expecting a
Pullback and a local
Bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
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.