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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

AUD/CAD 4H Timeframe AnalysisAUD/CAD 4H Timeframe Analysis Trend: In the 4H timeframe, the AUD/CAD pair is currently in a downtrend, characterized by the formation of lower lows and lower highs. Recently, we have seen the formation of a bull flag pattern, which typically signals a potential reversal or continuation of a bullish trend. The price has broken through two minor key support levels at 0.90600 and 0.89800. Our objective now is to wait for the price to retest the 0.90200 level, which may lead to an accumulation phase for buy orders. We anticipate a potential manipulation phase, or stop-loss hunt, below the minor key support and within our liquidity zone. Following this, we will wait for the price to return and break above the minor key support before taking action. Price Action Expectation: We expect that the bull flag formation could signal a breakout to the upside. Once the price breaks above the minor key support, it could trigger further buying momentum. Our goal is to place a buy stop order above the 0.90200 level, once the price demonstrates strength in breaking through, while protecting our position with a stop-loss below the liquidity zone. Trade Setup: Trade Type: Buy Stop Entry Price: 0.90100 (just above the minor key support) Stop Loss: 0.89380 (positioned below our liquidity zone to protect against adverse movements) Take Profit: 0.91590 (targeting the next key resistance level) Upcoming News (Fundamental Outlook): This Friday, we have important economic data from Canada that could influence the price of AUD/CAD: Core Retail Sales m/m (Canada): Expected at 0.2% (previous: 0.9%) Retail Sales m/m (Canada): Any surprises in these retail sales figures could affect the CAD strength. A weaker-than-expected reading may lead to bearish pressure on CAD, which would support our bullish outlook for AUD/CAD.
Long
by RebornFXTrader
1
#AUDCAD 4HAUDCAD 4-Hour Analysis The AUDCAD pair is trading near a channel support level on the 4-hour chart, indicating a potential reversal or bounce from this zone. The channel support has historically acted as a strong area where buyers regain control, presenting an opportunity for bullish trades. Technical Outlook: Pattern: Channel Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Consider entering a buy position near the channel support after confirming bullish price action, such as bullish engulfing candles or a double bottom formation. Traders should monitor indicators like RSI for oversold conditions or MACD for signs of bullish momentum. Apply appropriate risk management with stop-loss orders placed below the support line and profit targets set at resistance levels within the channel.
Long
by PIPSFIGHTER
Lingrid | AUDCAD Choppy Market. Potential SHORT from RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD is currently moving sideways, indicating a choppy market. On the weekly timeframe, the last candle is a large doji, which signifies indecision in the market. Currently, the price is pulling back towards the resistance zone at 0.91000, following a bearish impulse leg. I think there is a likelihood that the price will bounce off both the psychological level and the upward trendline. It’s possible that the market might briefly push above the range zone to take liquidity before moving lower to retest the bottom of the range. My goal is support zone around 0.90100 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
3
NICE FVG he Canadian dollar hit a 4-1/2-year low against its U.S. counterpart on Friday as investors worried about a potential trade war between the United States and Canada and dialed back bets on Federal Reserve interest rate cuts in 2025. The loonie was trading 0.1% lower at 1.4230 per U.S. dollar, or 70.27 U.S. cents, after touching its weakest intraday level since April 2020 at 1.4244. For the week, the currency was down 0.5%, its third straight weekly decline. Recent reports that Canada was considering tit-for-tat retaliatory tariffs if U.S. President-elect Donald Trump carries out his threat to tax Canadian imports have given traders another reason to bet against the loonie, said Amo Sahota, director at Klarity FX in San Francisco. "It could be a long wait until the U.S. presidential inauguration to see how determined Trump is to begin his second term with a full trade war," Sahota said.
by EZIO-FX
Bearish drop?AUD/CAD has reacted off the pivot which is an overlap resistance and could drop to the 1st support that is a pullback support. Pivot: 0.90737 1st Support: 0.90129 1st Resistance: 0.91297 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 CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
AUD/CAD TRADE UPDATE This is what we wanted. Now it’s time to be patient and wait for the signals on the 30-minute chart. Keep in mind that there is major news coming out at 9:45 AM related to AUD pairs. A trade is most likely not going to happen today, which is fine. Remember, it's about high-quality trades and not about being in the market every single day. Focus on high-probability and high-quality trades only. If you preserve your capital and stay disciplined, you will succeed.
Short
by SmartCharts_