AUDCAD Bullish

Analysis Price: 0.8978 (Updated: 2 July 2025, 05:44 UTC)

Comprehensive analysis for AUDCAD showing a predominantly bullish bias with 66% bullish consensus based on combined analytical factors. Raw trader sentiment shows 26% long, 74% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bullish Medium Confidence Medium Risk

Market Consensus:

66% Long

34% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for AUDCAD (signal strength: 33%). Supporting factors include: AUD is showing relative strength against CAD (diff: 100%). Contradicting factors: Retail sentiment is 74% bearish. Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (26% long / 74% short). The overall bullish bias (66%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

26% 74%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 74% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 0.8983 0.05% ↑

Analysis Price: 0.8978

Support Levels

S1: 0.8904 0.83% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

75%

Price Position Analysis

Price is currently near resistance at 0.8983 (0.05% above analysis price) with support at 0.8904 (0.83% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

No chart patterns detected for AUDCAD at this time.

High Probability Zones

No high probability zones detected for AUDCAD at this time.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

66.0

Volatility Regime:

Normal

Volatility Level:

60%

10-Day ATR Trend

Volatility Interpretation (H1)

AUDCAD is showing normal volatility (60 percentile) with an expected daily range of 66.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with AUDCAD

CADCHF

-0.90

EURCAD

0.87

GBPCAD

0.87

USDCAD

0.76

CADJPY

-0.76

Correlation Interpretation

Understanding how AUDCAD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

AUDCAD shows strong positive correlation with: EURCAD, GBPCAD, USDCAD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

AUDCAD shows strong negative correlation with: CADCHF, CADJPY. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

AUD

0.51

Strong

CAD

-0.57

Weak

Relative Strength:

1.08

Bullish Bias

Currency Strength Interpretation (M15)

AUD is significantly stronger than CAD on the M15 timeframe, with a relative strength of 1.08. This suggests a strong bullish bias for AUDCAD. With AUD showing absolute strength and CAD showing absolute weakness, this is an ideal scenario for a long position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on AUDCAD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.