XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.
A
A

AUDCAD

Analysis

Analysis - 5 hours agoBullish

Technical Analysis – AUDCAD rebounds from near key uptrend line

AUDCAD rebounds after consolidating near key uptrend lineRSI and MACD are suggesting that momentum may be turning positiveA break above 50-day EMA could confirm more advancesFor the outlook to darken, a dip below 0.9015 may be neededAUDCAD rebounded on Tuesday, after hitting support near the uptrend line drawn from the low of September 27, 2023, and the 200-day exponential moving average (EMA).
A
Analysis - 3 weeks agoBullish

AUDCAD triggers buy orders near key support crossroadsRSI and MACD corroborate the positive momentum shiftA break above 0.9370 could allow extensions towards 0.9550A dip below 0.9015 could turn the outlook bearishAUDCAD rebounded on Wednesday, from near the crossroads of the 200-day exponential moving average (EMA) and the uptrend line drawn from the low September 27. Although the pair is pulling back today, the technical picture suggests that the bulls could take charge again very soon.Both the
A
Analysis - 4 months agoBullish

Technical Analysis – Is AUDCAD ready to extend its uptrend?

AUDCAD prints higher highs and higher lows RSI and MACD detect positive momentum Break above 0.9260 could signal trend continuation Dip below 0.9125 may allow a decent correction AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12.  Overall, the pair is printing higher highs and higher lows above all three of the plotted exponential moving averages (EMAs) on the daily chart, which paints a positive
A
Analysis - 5 months ago

Market Comment – Busier calendar could support the dollar  

Richer US data calendar and Fedspeak today US stocks in the red again; uptrend intact Key inflation reports from both Canada and Australia Yen shows signs of life but still close to intervention level Dollar remains on the back foot The US dollar remains under pressure against the euro despite the relatively quiet newsflow. Chicago Fed President Goolsbee maintained his relatively dovish stance yesterday with the market focusing more on comments from San Francisco Fed Preside
U
U
E
E
A
Analysis - 5 months agoBullish

Technical Analysis – AUDCAD bulls stay in the driver’s seat

AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of a prior upward sloping channel and above all three of the plotted exponential moving averages (EMA). This paints a positive picture.
A
Analysis - 6 months agoNeutral

Technical Analysis – AUDCAD consolidates above key support zone

AUDCAD is trading sideways, above upside channel RSI and MACD corroborate the lack of momentum A break above 0.9125 could shift the bias to the upside A dip below 0.9000 may only confirm a larger correction AUDCAD has been trading in a sideways manner since May 15, staying between the key support of 0.9045 and the 0.9125 resistance.
A
Analysis - 6 months agoBullish

Technical Analysis – AUDCAD rises to new 14-month high

AUDCAD is higher again today above 0.9100 RSI and MACD are holding in their positive regions AUDCAD has been in an upward movement since February 8, posting a 14-month high of 0.9125 earlier in the day. Entering the 0.9100 area has been a struggle over the past two days, and there might be another tough obstacle around the multi-month high, but the bulls may not give up on the battle yet according to the technical indicators.
A
Analysis - 8 months ago

Technical Analysis – AUDCAD rebounds strongly from uptrend line

AUDCAD rallies after hitting uptrend line RSI and MACD detect positive momentum A break above 0.9055 could shift the outlook to clearly bullish But a dip below 0.8810 could invite more bears AUDCAD has been trading in a rally mode since April 2, when it hit support at the near-term uptrend line drawn from the low of September 27. On April 5, the pair emerged above the 0.8930 resistance (now turned into support) zone and looks to be headed towards the key obstacle of 0.9055. Bo
A
Analysis - 8 months agoNeutral

Technical Analysis – Is the upside corrective phase in AUDCAD over?

AUDCAD briefly breaks below upside support line Oscillators suggest that momentum is turning bearish For the outlook to brighten, a recovery above 0.8945 may be needed AUDCAD entered a sliding mode on March 12, after hitting resistance at 0.8945, slightly above the 61.8% Fibonacci retracement level of the December 18 – February 8 decline.
A
Analysis - 10 months agoBearish

Technical Analysis – AUDCAD examines potential pivot point

AUDCAD continues to trim gains, reaches key support level Technical picture reflects oversold conditions   AUDCAD erased more than half of its October-December upleg to find support around the November 13 low of 0.8755, which overlaps with the 61.8% Fibonacci retracement level of the bullish wave. Both the RSI and the stochastic oscillators hint at oversold conditions, signaling that the bearish action could soon stabilize.
A
Analysis - 1 year agoNeutral

AUDCAD is recording an impressive green candle today, the strongest 1-day move higher since the May 2, 2023 session. The pair is currently hovering just below the busy 0.8927-0.8970 area, quickly recovering from the 2023 low of 0.8739 recorded on June 30. The medium-term trend clearly remains bearish and the current upleg could be seen as a healthy reaction by the bears.
A
Analysis - 1 year agoBearish

AUDCAD is hovering just below the 0.8927-0.8981 range, and it is ready to test the support set by the January 26, 2023 downward sloping trendline. It has recorded five consecutive red candles; the strongest sell-off since the October 2022 downleg when the pair dropped to the lower level since April 2020. The bears must be feeling confident at this juncture as the momentum indicators are pointing to a potential continuation of the current correction.
A

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.