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AUD/CAD Analysis

The Australian economy is continuing its transition following the end of the mining investment boom, expanding by around 2½ per cent in 2016. Exports have risen strongly and non-mining business investment has risen over the past year. Most measures of business and consumer confidence are at, or above, average. Consumption growth was stronger towards the end of the year, although growth in household income remains low.
In Canada, recent consumption and housing indicators suggest growth in the fou…
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AUD/CAD TECHNICAL OUTLOOK

AUD/CAD turned downward from its longer term resistance of 1.0395. Another reason is CAD becomes getting stronger because of rising Oil prices. And own data of AUD is not that good in this time period. So I expect it will remain in this range for longer time period.
TOOLS USED: PRICE ACTION, RESISTANCE SUPPORT, TREND LINES EMA CROSSOVER ICHIMOKU
CHARTS: WEEKLY, MONTHLY
WEEKLY CHART:
MONTHLY CHART:
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Elens94 avatar
Elens94 9 Dec.

well written!

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VAIBS1991 30 Jan.

There are very important events this week which will highly impact the valuations of AUD/CAD. The much anticipated Federal Reserve Rate Decision is on Wednesday February 1st 2016 which is also our contest's final day. The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting. The Fed indicated last month that at least three rate increases were in the offing for 2017. However, traders remained unconvinced. Instead, markets are pricing in just two rate hikes during the course of this year, according to CME group's FedWatch Tool.

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Predicting AUD/CAD

AUD/CAD was forming Lower highs lower lows on montlhy charts since January 2012 to December 2015. In 2016 it seemed it may change the course and turn into bullish trend till this month in which it has given up nearly 40% of the gains made from April 2016 to October 2016.
Now I am expecting AUD/CAD towards monthly 200 EMA as there is a chance of OPEC crude oil production cap deal. My target for the 2nd January 2017 is 0.9620.
Tools used: 200 EMA, Trend lines, Bollinger bands and price actions.
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Elens94 avatar
Elens94 23 Nov.

very good,friend!

anashape avatar
anashape 24 Nov.

well done!

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