Australian Dollar vs Canadian Dollar edges lower as bearish technical trend continues

Traders Union
All News
Currency
Australian dollar slides 0.58% today

Highlights

AUD/CAD trades below major moving averages, indicating ongoing selling pressure across short to long-term periods.
Momentum indicators such as MACD and ADX signal persistent downside, while oscillators remain neutral with no clear extremes.
Expected five-day trading range is C$0.9636 to C$0.9774, with a 67% probability of further declines if support at C$0.9636 breaks.

Anton Kharitonov, expert at Traders Union, believes the technical landscape for AUD/CAD is firmly bearish. The pair’s placement below all key moving averages and weak momentum oscillators reinforce persistent downside risks. He notes that the absence of supporting news events further diminishes the case for a reversal. Kharitonov points out that oscillators remain indecisive, suggesting a lack of strong participation from either side. "Until real buying interest emerges above C$0.9709, any rallies should be treated as corrective and short-lived," he warns.

Viktoras Karapetjanc, expert at Traders Union, sees an opportunity for AUD/CAD to recover if key resistance zones are breached. The overall bullish structure at medium-to-long-term horizons remains valid as MA-50 holds above MA-200. He highlights the pair’s potential to rebound if price action lifts above C$0.9709 in coming sessions. Karapetjanc emphasizes that the absence of negative macro headlines offers a stable backdrop for tactical buyers. "There is room for further growth — market participants should watch for a decisive move through resistance to unlock new setups," he says.

Sholanke Dele, market strategist, views current sentiment as fragile for AUD/CAD. He notes the continued lack of positive news flow and sustained selling pressure keep market confidence subdued. Dele stresses that neutral readings on oscillators do little to inspire optimism for a bounce. "Traders should remain defensive as the pair threatens to slip further below C$0.9636," he advises.

Negative momentum persists as price stays beneath moving averages

AUD/CAD is trading below all its significant moving averages, with the latest price at C$0.9705, below the MA-20 (C$0.9799), MA-50 (C$0.9872), and MA-200 (C$0.9843). This configuration signals ongoing selling pressure in the short, medium, and long-term trends, with near-term resistance at C$0.9709 and support anchored at C$0.965. Despite the MA-50 maintaining a bullish alignment above the MA-200 for the broader long-term outlook, momentum remains weak. The MACD and Average Directional Index (ADX) both point to continued downside movement, while RSI, Stochastic RSI, and CCI register neutral conditions, suggesting no clear overbought or oversold risks. Bull/Bear Power shows a slight tilt toward buyers, but oscillators are mixed and the Awesome Oscillator is neutral. Today’s session opened flat and slid toward the daily low, losing C$0.00562 or 0.58%. Intraday volatility holds at 1.03%, with ongoing negative momentum predominating.

Earlier, analysts noted that persistent weakness in the Australian Dollar was increasing downside risks for AUD/CAD, as ongoing technical pressure kept the pair under bearish control. The current analysis reinforces this view with fresh evidence of sustained selling momentum and highlights that a decisive move below C$0.9636 would mark a new phase of downside risk for the cross.

Source of Data: AUD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.