AUDCAD Dropping to Monthly LowLooking at the Price Action on AudCad this week we can see that market structure is aligning with fundamentals where Cad is leading in bullish data fundamentally, now looking at the structure POV a nice H&S pattern is forming at the mid level 0.91250 and giving us a Break of previous Demand Zone and a Lower High Break of Structure + after all of that price created a New Supply Zone. I do believe price will Drop to the monthly low and take out all the Higher Lows it created during this month with all this strong data that is being released, i at least expect a retest of the mayor level 0.90000
AUDCAD trade ideas
AUDCAD Approaching Key Resistance — Potential Sell SetupOANDA:AUDCAD is approaching a key resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 0.90700, a logical target based on prior price behavior and the current structure.
However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
AUD/CAD Breakout in Motion – Bulls Targeting Higher LevelsTechnical Overview:
The AUD/CAD pair has formed a clear ascending triangle pattern, signaling bullish momentum.
A successful breakout above the resistance zone indicates potential upward movement toward key levels.
Price is currently testing a resistance level near 0.9093, and a clean break above could trigger a strong rally.
Key Levels to Watch:
Entry Zone: Above 0.9093 (breakout confirmation)
First Target (TP1): 0.9163
Second Target (TP2): 0.9299
Stop Loss (SL): Below 0.9008 (previous structure support)
Supporting Factors for Bullish Bias:
✅ Trendline Support: The ascending trendline is holding strong, reinforcing bullish structure.
✅ Higher Lows Formation: Indicates buyers are stepping in aggressively.
✅ Breakout Confirmation: If price sustains above 0.9093, momentum will likely continue.
AUDCAD Eyeing 0.9300 On The Daily ChartAUDCAD Eyeing 0.9300 On The Daily Chart
Since late January 2025, AUDCAD has been steadily accumulating volume, leading to the clear formation of a bullish triangle pattern.
Despite the Australian dollar's overall weakness, breaking through the critical resistance level at 0.9085 within this daily pattern has significantly increased the likelihood of further upward movement in the coming days.
Key Resistance Levels:
0.9175
0.9260
0.9300
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AUDCAD LONGMarket structure bullish on HTFs 3
Entry at both Daily and Weekly AOi
Weekly Rejection from EMA
Daily rejection at AOi
Previous Daily Structure Point
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.44
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
AUD/CAD Analysis:
1️⃣ The pair is moving within a symmetrical ascending price channel on the weekly chart.
2️⃣ The upper boundary of the channel has been touched, forming a downtrend.
3️⃣ The downtrend has been broken, the lower boundary of the channel has been touched, and an uptrend has begun.
4️⃣ There are oversold signals on the RSI and MACD indicators.
Recommendation:
Buy from the blue zones.
Targets are located in the green zones.
It is recommended to observe proper capital management to ensure risk reduction.
AUD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on AUD/CAD right now from the resistance line above with the target of 0.904 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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possible AUDCAD dropmy analysis shows that AUDCAD might drop, as we can see we had a Triple top(declining) and price broke our major low which acts as support, this is a bearish sign and means price might continue to drop, a pullback and a rejection on the Zone would be a better confirmation for price drop
so all in all look out for the upcoming drop in AUDCAD
AUDCAD - Bearish Breakout from Rising Wedge📉 AUDCAD has broken down from a rising wedge pattern, signaling potential bearish momentum. A confirmed breakout below support suggests further downside. Targeting key support levels with a tight stop-loss above the wedge resistance.
🔎 #AUDCAD #Forex #Trading #RisingWedge #PriceAction #TechnicalAnalysis #ForexSignals
AUD/CAD Strengthens - Upward from 0.8855 SupportAUD/CAD is moving in an uptrend after finding support at 0.8855. This means the price dropped to that level, but buyers stepped in, stopping it from going lower. Since then, the price has been rising steadily.
Right now, the pair is following a pattern of making higher highs and higher lows, which shows strength in the uptrend. As long as this pattern continues, the price is likely to keep moving up.
AUDCAD LONG Market structure bullish on HTFs DW
Entry at both Weekly and Daily AOi
Weekly rejection at AOi
Weekly EMA Retest
Weekly Previous Structure point
Daily Rejection at AOi
Daily EMA retest
H4 EMA retest
H4 Candlestick rejection
Levels 5.05
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
AUD/CAD stalls around 91c, pullback pending?A 3-wave move has developed from the January low, that for now appears hesitant to hold above 91c or its 50% retracement level. Twice we have seen false breaks of the 91c level on the daily chart, and Monday presented a bearish pinbar which closed below the 200-day SMA.
Bearish divergences have also formed on the weekly and daily RSI (14) and daily RSI (2). Perhaps a pullback is brewing.
Bears could fade into moves towards the 200-day SMA, in anticipation for a move down to at least 90c, just above the 50-day SMA and weekly VPOC (volume point of control).
And if the BOC refrain from promising further cuts while delivering an expected 25bp cut tomorrow, it could further strengthen the Canadian dollar and weaken AUD/CAD further.
Matt Simpson, Market Analyst at City Index and Forex.com
AUD/CAD at Make-or-Break Zone Ahead of BoC DecisionAUD/CAD is currently testing a crucial technical zone, hovering around 0.9060 as traders weigh Canadian dollar fundamentals against the Australian dollar's resilience. The pair recently rejected a previous high near 0.9125 and has formed a potential bearish setup, aligning with a descending trendline (DTL) resistance. With the Bank of Canada’s upcoming policy statement and concerns over U.S. tariffs impacting Canada’s economy, the market is eyeing whether the BoC will maintain a dovish stance. Meanwhile, Australia's stronger-than-expected GDP report last week has provided some support to the Aussie, but fading momentum suggests that CAD strength could reassert itself. If price breaks below the 0.9050 support area, it could trigger further downside toward 0.9025 and beyond. Traders should monitor price action closely at this level for confirmation of either a breakdown or a reversal.