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CANADIAN DOLLAR / AUSTRALIAN DOLLAR

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CADAUD trade ideas

idea for next week.Australia’s May inflation report showed a significant increase, with headline CPI reaching 4.0% YoY, up from 3.6% in April. A similar trend was seen in Canada where May inflation jumped higher to 2.9% YoY from 2.7% in April. While market has added to the rate hike bets for the Reserve Bank of Australia, a pushback to further easing expectations for the Bank of Canada may not be warranted given the escalating recession risks. Central bank divergence plays remains a key theme in the FX markets, with AUD outperformance likely to build further especially on crosses such as AUDNZD, AUDJPY, AUDCAD and AUDCHF. Inflation is no longer falling in most countries and appears to be stabilizing. In the latest reports, May inflation prints for both Australia and Canada have shown a surprising rebound. However, with slowing growth and increasing employment pressures, some central banks are in a challenging situation. AUD: Bullish prospects remain for now Australia’s May inflation report showed a further increase in price pressures, marking the third consecutive month that the figure exceeded expectations. Headline May CPI reached the 4.0%-mark on the headline from 3.6% in April and 3.8% expected.
by EZIO-FX
Trade Alert: AUDCAD Sell SignalDear Traders, We have a SELL signal for the AUDCAD currency pair, based on our proprietary EASY Quantum Ai strategy. The analysis suggests a short position with the following parameters: - Enter Price: 0.91047 - Take Profit: 0.90877333 - Stop Loss: 0.91267333 Rationale for the Trade: 1. Technical Indicators: Our strategy has identified a bearish trend on the AUDCAD pair through multiple technical indicators, including moving averages and momentum oscillators. This downtrend is confirmed by declining RSI values and a recent death cross in the moving averages. 2. Fundamental Analysis: Recent economic data from Australia indicates weaker-than-expected growth and a dovish stance by the Reserve Bank of Australia (RBA). In contrast, Canadian economic indicators have shown resilience, especially in the trade balance and employment sectors. This economic divergence provides a strong case for the Australian dollar's weakness against the Canadian dollar. 3. Market Sentiment: Market sentiment analysis indicates increased bearish positioning on AUDCAD, with large institutional traders favoring short positions. Please ensure you follow risk management practices, setting your Stop Loss at 0.91267333 and aiming for the Take Profit level at 0.90877333. Stay vigilant and monitor the trade closely for any market changes. Happy Trading! Best Regards, EASY Quantum Ai Team
Short
by ForexRobotEasy
Bearish drop?AUD/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop from this level to the pullback support. Pivot: 0.91309 1st Support: 0.90987 1st Resistance: 0.91553 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
1
AUDCAD What Next? BUY! My dear friends, Please, find my technical outlook for AUDCAD below: The instrument tests an important psychological level 0.9068 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.9095 Recommended Stop Loss - 0.9051 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
AUDCAD Will Go Higher From Support! Buy! Here is our detailed technical review for AUDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.906. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.911 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDCAD - 4hrs ( Sell Trade Target range 150 PIP ) ☑Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Break 0.90800 Area Reasons - Pattern Break Out - Visible Range Hvn - Inner Choch / 4hrs - Major Choch / w - Day + week low - 3Q High + 2Q High Braek - Month High break - FiboGolden Zone ✔️Bullish Reversal 0.89000 Area Reasons - Major Turn level / Month - Major Triangle Pattern - Choch / Bullish - inner Counter - Fibo Golden Zone - Month High - Day High + week Break
Short
by GoldenEngine
AUDCAD Within a large corrective patternAUDCAD Within a large corrective pattern AUDCAD is developing within a large corrective pattern for a long time. After price rejected near the top of the pattern, it is likely to be tested 0.9040 - 0.9060 area soon. If the price manages to break through this zone, we could see AUDCAD falling further to 0.9020. However, the first zone acted as a strong support for a long time and we should be careful as it can easily bring the price back. So let's see what happens. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
AUDCAD...UPTRENDStrengths of the Australian Dollar (AUD): Australia plays a significant role in the global market for commodities such as iron ore and coal, which have experienced a notable increase in prices. The AUD can benefit from strong global demand and recent price increases for these commodities, as exports become more valuable. RBA Taking a More Assertive Stance: The Reserve Bank of Australia (RBA) has taken a more assertive stance compared to other central banks such as the Bank of Japan, by increasing interest rates in order to address inflationary pressures. This could potentially increase the appeal of the AUD for investors who are looking for higher yields. Increased Bond Yields: Australian bond yields have reached their highest levels in five years, which could potentially make the AUD more appealing to foreign investors and strengthen its position. Weaknesses of the Canadian Dollar (CAD): Gentler Rate Increases: The Bank of Canada appears to be adopting a more cautious approach in terms of increasing interest rates, in contrast to the RBA. This may decrease the appeal of the CAD for investors looking for greater returns. Oil Price Volatility: Although Canada is a significant oil producer, fluctuating oil prices can lead to unpredictability for the CAD. SUMMARY The AUDCAD uptrend could be influenced by the AUD's support from rising commodity prices and the potentially less hawkish stance of the Bank of Canada compared to the RBA.
Long
by ProfessorCEWard