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AUDCAD Shorting OpportunityHi traders,
I want to highlight a shorting opportunity for AUDCAD that seems well-suited for medium to long-term traders. Earlier in April, this pair broke a significant support level that had been established throughout 2024. For any breakout to follow through, we typically see the price revisit t
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
AUDCAD ENTRY CHART On this pair, we are still BULLISH IN TREND, even though we had a strong push on the CANADIAN DOLLAR , during the open of LONDON SESSION,here we have this pair still in an UPTREND, our Entry is based on the ZONE created,plus IND, with other of our Confluences, if price comes to tag us, we will be IN
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: 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
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
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
Frequently Asked Questions
The current rate of CADAUD is 1.1086 AUD — it has decreased by −1.39% in the past 24 hours. See more of CADAUD rate dynamics on the detailed chart.
The value of the CADAUD pair is quoted as 1 CAD per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADAUD has the volatility rating of 0.05%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADAUD showed a −1.00% fall over the past week, the month change is a −3.64% fall, and over the last year it has increased by 0.15%. Track live rate changes on the CADAUD 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.
CADAUD 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 CADAUD 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 CADAUD technical analysis. The technical rating for the pair is strong sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADAUD shows the sell signal, and 1 month rating is neutral. See more of CADAUD technicals for a more comprehensive analysis.