Get started

Australian Dollar/Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

AUDCAD trade ideas

idea on a charthe Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month. The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at 1.3606. Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased. "Today's CPI print should be enough to quell concerns about sticky inflation pressures in Canada after two marginal upside surprises in May and June," Claire Fan, an economist at Royal Bank of Canada, said in a note. "The hurdle for more BoC cuts this year is low and we continue to look for another 25 basis point cut at their next meeting in September."
by EZIO-FX
AUDCAD Burgain Hunting LongAUDCAD Burgain Hunting Long - Price is trending above 15 period Hull Moving Average - Burgain Hunter entry - MA Angle Trend Filter Confirmation - Basic R:R 5:1 and then adding with 1% - Adding to trade 4 times at 1 R Distance - Closing all trades at Final Target - Strong Resistance Level - Cut losing trade on first Bearish Candle The ultimate goal is to make the system simple and easy to follow, simple rules, buying discount and selling premium. Cutting losers short and making maximum from winners. Cheers.
Long
by Marteyfx
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up if so, the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly 0.9800 >> 0.9115 >> 0.953 could be the potential target
Long
by Jimmy_Rebello
Could price reverse from here?AUD/CAD is reacting on the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 0.91810 1st Support: 0.91075 1st Resistance: 0.92467 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 | Sell Trade | Market Exec | Technical Confluences: - Price actions are now at Stochastic Overbought conditions in Daily, H4 and H1 - Price action is at the 78% Fibo retracement levels which also coincides with a Interest Zone Fundamental Confluences: - Both currencies are considered as commodity currencies and both currencies require strong commodity prices to prosper and it all comes down to growth - Australia's growth is more concentrated on China's outlook and Canada's very US-centric still. - We are still not seeing much growth momentum in the China space and with US-side having a soft landing possibility, Canada's prospects should be better at the moment ----- Will be taking a position into a sell OANDA:AUDCAD position. Targeting to TP approximately half the position at the 50% Fibo Extension levels (in blue) and move my SL levels to B/E. It will depend on how the price action is at the 50% Fibo's Interest Zone. This trade will be the battle of the Interest Zones. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR.
Short
by weekendanalyst