Aud/Cad

Pair is Aud /Cad

Todays my technical analysis of Aud /cad


Market trend is sell.

Current price is =0.9430

1 RESISTANCE LEVEL IS =0.9455

2 RESISTANCE level is =0.9476

3 RESISTANCE level is =0.9492


1 supporting level is =0.9402

2 supporting level is =0.9380

3 supporting level is =0.9360

"Hello dear members of this great community, here are my analysis of AUD/CAD for today.

AUD/CAD is Strong Sell according to four-hour chart. RSI(14)'s value is (34.636), STOCH(9,6)'s value is (27.198) and STOCHRSI(14)'s value is (53.252).

Let's have a look at today's Support and Resistance levels:

Pivot Point: 0.9428
Support 1: 0.9419
Support 2: 0.9413
Support 3: 0.9404
Resistance 1: 0.9435
Resistance 2: 0.9443
Resistance 3: 0.945

According to the current scenario I would like to recommend you to take trade according to the support and resistance levels of the market."

Aud/Cad

Parabolic is : buy
Moving average:buy

Current price:0.9474
Pivot point:0.9463

Resistance and Supporting level :

1.Resistance level is : 0.9485
2.Resistance level is :0.9497
3.Resistance level is : 0.9510

1.Supporting level is : 0.9461
2.Supporting level is : 0.9450
3.Supporting level is :0.9428

Currency Of Aud/Cad
Parabolic : sell

Resistance and Supporting levels with Pivot Point

Current Price is ; 0.9437
Pivot Point is :0.9463

Resistance level

1- Resistance level is:0.9452
2- Resistance level is: 0.9467
3- Resistance level is: 0.9481


Supporting level is:

1- Supporting level is: 0.9423
2- Supporting level is: 0.9409
3- Supporting level is: 0.9394

The AUD/CAD currency pair is very sensitive to changes in the U.S. dollar exchange rate.

The Australian dollar is the sixth most traded currency in the world. It accounts for 5% of the global forex trades. A high interest rate in Australia, the forex market being relatively free of government interventions, and the stable Australian economy as well as political system as a whole – all of these trigger great interest of currency investors in the Aussie.

Australia is an exporter of natural resources, agricultural products, and energy. That is why its economy extremely depends on natural resources. The Canadian dollar is the major commodity currency around the globe, which is always affected by crude oil prices, ferrous and non-ferrous metallurgy, and coal industry.
Australian Dollar vs Canadian Dollar
current price pair of aud/cad...0.9434
13 Mar 2019.
Price Change (% chg) 0.0001 (0.0106%)

Closing price, the previous day. 0.9451


Opening price. 0.9465


The highest price over the last trading day. 0.9452

The lowest price over the last trading day 0.9415

Pair is in bearish trend

Support level:-

S1 0.9431
S2 0.9424
S3 0.9411

Resistance level:-

R1 0.9443
R2 0.9448
R3 0.9460

AUDCAD Today Analysis

PIVOT POINT 0.9460

Support 1 0.9433

Support 2 0.9416

Support 3 0.9389


Resistance 1 0.9477

Resistance 2 0.9504

Resistance 3 0.9521

Australian Dollar has seen a surge in volatility at start of the year which started with a sharp decline followed by a quick recovery and AUDCAD is no different. Traders know that volatility brings along trading opportunities so in this video blog, we take a look at the Swing Sequence and Elliott Wave Forecast of AUDCAD forex pair to highlight the next high probability trading area.

AUDCAD Elliott Wave Swing Sequence from 2012 peak

Chart below shows Elliott wave swing sequence down from 2.2012 peak. Numbers on the chart represent swings and not waves. Currently we can see 5 swings down from 2.2012 peak when 1st swing ended at 0.9175, 2nd swing ended at 1.0349, 3rd swing ended at 0.9151, 4th swing ended at 1.039 and 5th swing ended at 0.9105, 6th swing is proposed to be still in progress and is expected to stay below 4th swing high (1.039) and below the descending trend line (currently at 1.0165) for another swing lower to complete 7 swings Elliott wave sequence between 0.8739 – 0.7711.

Currency pair is : audcad

Trend is : sell

Resistance and supporting level


Resistance level

1 Resistance is: 0.9460
2 Resistance is: 0.9490
3 Resistance is: 0.9520

Supporting level

1 Supporting is: 0.9410
2 Supporting is: 0.9390
3 Supporting is: 0.9360

Todays aud/cad Resistance & Support
Resistance
1-Resistance 0.9440
2-Resistance 0.9452
3-Resistance 0.9474
Support
1-Support 0.9332
2-Support 0.9327
3-Support 0.9300