AUDCAD Bearish

Analysis Price: 0.8990 (Updated: 17 August 2025, 12:47 UTC)

Comprehensive analysis for AUDCAD showing a predominantly bearish bias with 61% bearish consensus based on combined analytical factors. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bearish Medium Confidence High Risk

Market Consensus:

39% Long

61% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bearish bias for AUDCAD (signal strength: 22%). Supporting factors include: Retail sentiment is 71% bearish; Technical patterns identified: Evening Star (D1). Contradicting factors: AUD is showing relative strength against CAD (diff: 12%). Risk assessment for this trade is high. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT

29% 71%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 71% 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: 0.9028 0.42% ↑

Analysis Price: 0.8990

Support Levels

S1: 0.8961 0.32% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

70%

Price Position Analysis

Price is between support at 0.8961 (0.32% below analysis price) and resistance at 0.9028 (0.42% above), with slightly closer proximity to support. Watch for bounce confirmation at support or break below.

Chart Pattern Analysis

No chart patterns detected for AUDCAD at this time.

High Probability Zones

Support Zone

95%

Zone Level:

0.8964

analysis price:

0.8990

Distance:

0.29%

Confluence Factors:

Double Bottom 50% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

88%

Zone Level:

0.8736

analysis price:

0.8990

Distance:

2.82%

Confluence Factors:

Bullish Engulfing 127% Extension Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

84%

Zone Level:

0.8692

analysis price:

0.8990

Distance:

3.31%

Confluence Factors:

Double Bottom 162% Extension

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (95%) support zone at 0.8964. This presents a potential buying opportunity with stop loss slightly below the zone. Multiple confluence factors strengthen this level's significance.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

43.0

Volatility Regime:

High

Volatility Level:

84%

10-Day ATR Trend

Volatility Interpretation (H1)

AUDCAD is experiencing high volatility (84 percentile) with an expected daily range of 43.0 pips. This above-average movement creates trading opportunities but requires careful risk management. Consider slightly wider stop losses and moderate position sizing.

Correlation Analysis

Top Correlations with AUDCAD

GBPAUD

-0.89

AUDJPY

0.88

GBPCAD

0.87

NZDCAD

0.83

USDCAD

0.82

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: AUDJPY, GBPCAD, NZDCAD, 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: GBPAUD. 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

0.82

Very-strong

CAD

0.38

Strong

Relative Strength:

0.44

Bullish Bias

Currency Strength Interpretation (M15)

AUD is moderately stronger than CAD on the M15 timeframe, with a relative strength of 0.44. This suggests a mild bullish bias for AUDCAD. Monitor for additional confirmation signals before entering 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.