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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

Lingrid | AUDCAD short After REJECTION of the RESISTANCE zoneThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD is gradually pulling back toward the resistance zone and the upward trendline area. Overall, the market is making lower lows and lower closes on the 4H timeframe. After a significant bearish move, the price is currently positioned to retest the 50% retracement level of that decline. I anticipate that the market to reject the resistance zone and continue moving downward. My goal is support zone around 0.90700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
11
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9093 2nd Support – 0.9058 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
12
Bearish drop?AUD/CAD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 0.91125 Why we like it: There is an overlap resistance level, Stop loss: 0.91526 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 0.90536 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair is approaching the lower boundary of a well-defined channel on the 4-hour chart, which acts as a key support level. This support zone has historically triggered bullish reversals, but waiting for the price to touch the channel support ensures a more reliable entry point. Technical Outlook: - Pattern: Channel Support - Forecast: Bullish (Wait for Support Touch, Then Buy) - Entry Strategy: Buy near the channel support line after confirmation from price action. Traders should look for bullish signals such as a reversal candlestick pattern (e.g., bullish engulfing) or indicators like RSI showing oversold conditions to validate the buy setup. Proper risk management is crucial, with stop-loss orders placed below the channel support to protect against potential breakdowns. Target the upper boundary of the channel as the next resistance level.
Long
by PIPSFIGHTER
AUDCAD Superswing to 0.9400AUDCAD has been trading within an upward channel since September 2023. Currently, the price is near the bottom of the channel, reacting to the 0.618 Fibonacci level (drawn from the low of August 5th, a pivotal day for this pair). The plan is to wait for a confirmation of a structural shift on the 4H chart, followed by a retest, and enter a long position around 0.9120. Partial profits will be taken progressively, with the final target set at 0.94. Stay tuned for updates on my trade: entry, take-profit levels, and exit strategy. See details on my signature to get in touch with me. Good luck!
Long
by zito82
AudCad Trade IdeaAudCad has been bearish for some time now. Cad did have news at 8:30am so I do want to give price some time to dial down. Although there isn't much volatility showing. I personally want to see price break and retest to the downside with price being bearish on both higher and lower time frames. The lower time frame just flipped which is why you can see a bearish candle with a wick. The retest to the downside would be solid confirmations to short the pair for a potential 1:3rr. We'll see what happens.
Short
by OfficialJ23
AUDCAD Potential Drop after Rejection from ResistanceAUDCAD is currently experiencing a pullback toward the resistance zone and the upward trendline area. On the 4-hour timeframe, the market has been forming lower lows and lower closes, indicating a bearish trend. After a significant decline, the price is now approaching the 50% retracement level of that move. This area may act as resistance, potentially leading to a continuation of the downward movement. The target is the support zone around 0.9070
Short
by RTED_Investing
AUD/CAD Bearish Sentiment: 0.9240 Key Support Under PressureAUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising inflation. This divergence in monetary policy strengthens CAD relative to AUD, reinforcing downside pressure on AUD/CAD toward the 0.9240 support level.
Short
by ClearTradingMind