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Last modified on April 20th, 2018 3:29 am

When converting Australian dollars (AUD) to Canadian dollars (CAD), or CAD to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/CAD currency conversion rates.

AUD to CAD Overview: Both the Australian and Canadian dollars are regarded are commodity currencies. AUD CAD is a relatively stable currency pair. The CAD fortunes are more closely aligned with those of the US, as it is their largest trading partner and neighbour. The AUD fortunes are aligned with those of Australia and Asian emerging markets. A break down in correlation can happen in periods of dislocated global growth as we have seen following the 2008 global financial crisis. The AUD closer ties to the Asian economies has seen it consolidate at historically elevated levels again the CAD.

Historical Ranges: 1 year 5 years 10 years
AUD/CAD .9731 – 1.0395 .9134 – 1.0715 .7162 – 1.0779

Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.50%         Bank of Canada (BoC): 0.75%

Click here for AUDCAD charts

The Australian Dollar (AUD) has bounced back late this week against an out of favour Canadian Dollar (CAD). Reversing early losses, the pair rose from the low of 0.9735 after dovish comments from the Bank of Canada (BoC) Poloz. The Bank of Canada (BoC) left rates unchanged as widely expected. The pair has broken above recent resistance of 0.9800 to post a fresh high of 0.9850. Canadian Retail Sales and CPI will be key Friday if the current bearish trend is to continue back below 0.9750

Exchange Rates

The current interbank midrate is:AUDCAD 0.9760

The interbank range this week has been:AUDCAD 0.9738- 0.9858

Click here for AUDCAD charts

The Canadian Dollar (CAD) continued to make solid gains over the Australian Dollar (AUD) this week pushing past the previous low of 0.9770. With oil prices pushing into the 67.15 area the CAD has outperformed posting a fresh low of 0.9745. The Canadian House price index for February released worse than the expected 0.1% at -0.2% following two months of no change. Recent higher mortgage rates added to the decline.

Exchange Rates

The current interbank midrate is:AUDCAD 0.9773

The interbank range this week has been:AUDCAD 0.9750 – 0.9829

Click here for AUDCAD charts

The Canadian Dollar (CAD) lost its position of being the strongest currency with the Pound overtaking it early this week. The Australian Dollar (AUD) is still a no show and no match for the surging CAD, with the cross trading to multiple fresh lows, currently holding at 0.9770. Canadian building permits prints Wednesday and is expected to be down on previous numbers. This being the case we may see a spike in the cross back through 0.9850. Click here for more AUD/CAD updates.

Exchange Rates

Current Level: 0.9807

Resistance: 0.9890

Support:0.9710

Last Week’s Range: 0.9771 – 0.9923

Click here for AUDCAD charts

With the Canadian Dollar (CAD) holding the position of outperforming all other currencies and the Australian Dollar (AUD) having a woeful week, it’s no surprise we see further depreciation in the pair as it has slid down to 0.9800 . The US government has softened a key Nafta demand for more content in car manufacturing; this is arguably the biggest point of contention in discussions with the US pushing for 85% of all vehicle parts to be sources from the 3 Nafta countries with the current agreement requiring only 62.5%. The CAD appreciated on this news. This is the third straight week the Australian Dollar (AUD) has dipped in value against the CAD, earlier we mentioned it could test support at 0.9780,with Non-Farm Payroll approaching we may see a break below this week prior to the close.

Exchange Rates

The current interbank midrate is:AUDCAD 0.9805

The interbank range this week has been:AUDCAD 0.9784- 0.9927

Click here for AUDCAD charts

The Canadian Dollar (CAD) continued its charge against the Australian Dollar (AUD) pushing the pair down to a low of 0.9875 where it consolidated just north of this level for most of the week. This is the third straight week the Australian Dollar (AUD) has dipped in value against the CAD, this week looks no different as it may look to test key support around 0.9780. Today’s RBA cash rate announcement followed by the RBA statement will be important for stunting further downside.

Exchange Rates

Current Level: 0.9898

Resistance: 1.0000

Support:0.9870

Last Week’s Range: 0.9875 – 0.9939

Click here for AUDCAD charts

The Canadian Dollar (CAD) has made up ground against the Australian Dollar (AUD) for the second week. Coming off its high of 1.0230 March 14th its trading at the key bullish chanel support of 0.9940 Tuesday, if it breaks lower we may see 0.9880 tested. Canadian monthly GDP prints Friday the only significant release out of Canada, offshore fundamentals will drive this pair with “Good Friday” holiday to close the week.

Exchange Rates

Current Level: 0.9945

Resistance: 1.0220

Support:0.9875

Last Week’s Range: 0.9912 – 1.0087

Click here for AUDCAD charts

The Australian Dollar (AUD) has continued its run lower from last weeks high of 1.0230 dropping to a low of 0.9940 against the New Zealand Dollar (NZD) A host of good news for the Canadian Dollar this week including NAFTA negotiations and stronger oil prices has seen it move back through parity towards the key level of 0.9900. Monthly Canadian CPI and Retail Sales print tomorrow just prior to the weekly close, these will no doubt be crucial if the CAD is to maintain its current form and momentum across the board.

Exchange Rates

The current interbank midrate is:AUDCAD 0.9950

The interbank range this week has been:AUDCAD 0.9939 – 1.0188

Click here for AUDCAD charts

The Australian Dollar (AUD), Canadian Dollar (CAD) has come of its mid week high of 1.0230 to trade at 1.0008 Tuesday in a move which has bought the CAD back closer to parity.  With close ties to China and President Trump saying he would like to increase tariffs against China this had a detrimental effect on the cross. Until tariff negotiations are finalised we may see further Australian Dollar (AUD) weakness. Look for volatility Thursday with a huge amount of economic data to publish.

Exchange Rates

Current level: 1.0075

Resistance: 1.0210

Support:1.0000

Last Week’s Range: 1.0069 – 1.0242

Click here for AUDCAD charts

The Australian Dollar (AUD) continues to build on earlier rallies pushing as high as 1.0230 this week against the struggling Canadian Dollar (CAD). Settling around the 1.0170 area it remains under pressure having lost ground against the Aussie for the 6th straight week from the low of 0.9820. Foreign Securities Purchases prints late Friday which will give a reliable reading on recent domestic currency demand. CPI is released late next week before Australian unemployment figures- expect the currency pair to be volatile with further trade talks key.

Exchange Rates

The current interbank midrate is:AUDCAD 1.0160

The interbank range this week has been:AUDCAD 1.0020- 1.0242

Click here for AUDCAD charts

The Canadian Dollar (CAD) has traded lower against the Australian Dollar (AUD) over the week, the Aussie (AUD) the beneficiary of choppy price action amid a risk on market and intl trade talks involving tariffs and NAFTA weigh on the CAD. The AUD has opened strong Monday pushing up to 1.0110 from 1.0050 and looks to break prior resistance of 1.0135 last week’s high. Its thin air through to 1.0350 with the BOC governor Poloz speaking Wednesday morning styled “today’s labour market and the future of work”. NAFTA talks continue to strain the Canadian Dollar, it may continue to weaken in the near term until trade negotiations are finalised.

Exchange Rates

Current Level: 1.0120

Resistance: 1.0200

Support:1.0030

Last Week’s Range: 1.0020 – 1.0130

Click here for AUDCAD charts

The Canadian Dollar (CAD) has traded lower over the week against the Australian Dollar (AUD), market makers sold the CAD after worse than expected Canadian Employment printed. As we have commented in the last few commentaries the Canadian Dollar remains soft due to weakening economic stance and Tariff woes. Trump made comment Canada would possibly be exempt from further trade Tariffs with Canada’s steel industry being the backbone of the Canadian economy. NAFTA is still being negotiated increasing strains on the Canadian Dollar as the pair trade well above parity and looking fairly happy.

Exchange Rates

The current interbank midrate is:AUDCAD 1.0035

The interbank range this week has been:AUDCAD 0.9949- 1.0051

Click here for AUDCAD charts

Australian Current fourth quarter Trade Balance published weaker than expected coming in at -14B after -12.3B was expected bringing back the AUD/CAD off its high.  As we spoke about in earlier commentary trading above parity was largely expected, watching now the RBA release later today for further upside. Oil prices still Remain vital for the lagging Canadian Dollar, overnight prices dropped to a weekly low of 62.45.

Exchange Rates

Current Level: 1.0010

Resistance:1.0200

Support:1.000

Lsat Week’s Range:0.9914 – 1.0086

Click here for AUDCAD charts

Oil prices continue to play a major part in the Canadian Dollar fortunes. Crude dropped to a weekly low of 62.45 Thursday over 2% with a rise in oil inventories squeezing price down to a weekly low. The Australian Dollar (AUD) remains bullish against the struggling CAD rallying to a 0.9993 a 4 week high and stopping short just shy of parity, it may not be long before we see a break past 1.000 if oil prices continue to slow and the Bank of Canada (BOC) continue their hawkish stance.

Exchange Rates

The current interbank midrate is:AUDCAD 0.9960

The interbank range this week has been:AUDCAD 0.9874- 0.9990

Click here for AUDCAD charts

Higher Oil prices have once again given much needed support to the Canadian Dollar (CAD) the CAD pushing back on recent Australian Dollar movement late in the week as it looks to break the recent trend line lower to 0.9870 The bullish long-term support over the Australian Dollar may see it rise back to parity before long if oil values are not supported above recent levels above 64.00.

Exchange Rates

Current Level:0.9960

Resistance: 1.0000

Support:0.9900

Last Week’s Range:0.9874 – 0.9987

Click here for AUDCAD charts

The Australian Dollar (AUD) made further ground over the Canadian Dollar (CAD) trading to a new high of 0.9990 surpassing the previous high of 0.9950 in heavy volume trading. As Australian wage growth came in stronger than expected this supported the widespread thinking of interest rates being hiked much sooner than anticipated. Markets expected 0.5% over the prior quarter but were surprised by 0.6%. Canadian Dollar (CAD) has made a late comeback Thursday pushing the pair back to below 0.9900 as buyers bought CAD. I would imagine he bullish trend from early February may continue to perhaps parity.

 

Exchange Rates

The current interbank midrate is:AUDCAD 0.9960

The interbank range this week has been:AUDCAD 0.9893- 0.9987

Click here for AUDCAD charts

The Australian Dollar rose against the Canadian Dollar, starting the week at 0.9830 it rallied through to a high of 0.9950 where it currently sits just shy of Tuesday. Crude Oil is up again to 62.20 but has failed to make an impact yet on the Canadian Dollar, perhaps the US Holiday volatility a factor, this current bullish NZD trend looks well established.

Exchange Rates

Current Level: 0.9940

Resistance:1.0000

Support: 0.9920

Last Week’s Range: 0.9834 – 0.9951

Click here for AUDCAD charts

The Canadian dollar rose sharply Thursday after posting a fresh February high of 0.9950 after a volatile few days in the markets. Parity levels are still in sight as the Australian Dollar gathers steam in a risk on market.

Exchange Rates

The current interbank midrate is:AUDCAD 0.9912

The interbank range this week has been:AUDCAD 0.9822 – 0.9932

AUD/CAD Update:

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The Canadian dollar (CAD) made gains against the Australian dollar (AUD) but the Canadian Dollar recovered well to end the week square at 0.9820. Tuesday’s support for AUD has been evident as it stages a comeback towards late January parity levels.

AUD/CAD Exchange Rates

Current Level: 0.9887

Support: 0.9810

Resistance: 1.0000

Last Week’s Range: 0.9805 – 0.9897

AUD/CAD Update:

Click here for AUDCAD charts

The Canadian Dollar strength, Australian Dollar weakness continues through 0.9800. This is short term support as the AUD/CAD pair looks to have an appetite to push through this as it surges towards the previous low of 0.9700 January 10. There has not been mush upside for the AUD since 19th January 2017.

AUD/CAD Exchange Rates

The current interbank midrate is:AUDCAD 0.9808

The interbank range this week has been:AUDCAD 0.9805 – 0.9903

AUD/CAD Update:

Click here for AUDCAD charts

The AUD continues to track lower on this cross, now at 0.9835 after a high of 0.9922 last Thursday. Canadian GDP figures were mildly supportive of the CAD and there are high hopes that Friday’s Canadian jobs report will also be another good one. NAFTA issues still loom as a potential risk for the CAD but at the moment we look for further CAD support against the AUD on this cross. Click here for more AUD/CAD updates.

AUD/CAD Exchange Rates

Current Level: 0.9836

Support:  0.9800

Resistance: 0.9900

Last Week’s Range: 0.9824 – 1.0005

 

The interbank range this week has been:AUDCAD 0.9902 – 1.0005

AUD/CAD Update:

Click here for AUDCAD charts

The AUD dropped to 0.9894 yesterday on the lower than expected Aussie CPI, now at 0.9904 and should consolidate at current levels ahead of the Canadian GDP figures tomorrow. NAFTA concerns will hold any large appreciation of the CAD on this cross and next week’s RBA meeting may see the AYD retest the 1.000 resistance level.

 

AUD/CAD Exchange Rates

The current interbank midrate is:AUDCAD 0.9908

The interbank range this week has been:AUDCAD 0.9902 – 1.0005

AUD/CAD Update:

Click here for AUDCAD charts

Choppy trading with an upward bias for the AUD on this AUD/CAD cross. Now at 0.9988 and we expect trading to hold at current levels until tomorrows Aussie CPI can provide direction. AUD is favoured but attention will need to be paid to Fridays Canadian GDP data.

AUD/CAD Exchange Rates

Current Level:  0.9987

Support: 0.9850

Resistance: .1.0000

Last Week’s Range: 0.9917 – 1.0005

AUD/CAD Update:

Click here for AUDCAD charts

After a high for the week at 0.9993 the AUD has slipped on this cross to a low of 0.9911. Now back around 0.9940 is in “no-man’s-land” ahead of the Aussie CPI and NAFTA announcements both of which would have significant impact on this AUD/CAD cross. Little change from current levels expected until early next week.

 

AUD/CAD Exchange Rates

The current interbank midrate is:AUDCAD 0.9932

The interbank range this week has been:AUDCAD 0.9917 – 1.0002

AUD/CAD Update:

Click here for AUDCAD charts

The CAD has slipped a little on this AUD/CAD cross as NAFTA concerns have heightened. Now at 0.9970 both currencies enjoy support from solid commodity prices. Given the potential for a NAFTA surprise, the AUD is favoured on this cross. Look for a move back over 1.000 over the next few days.

AUD/CAD Exchange Rates

Current Level: 0.9972

Support: 0.9730

Resistance: 0.9925

Last Week’s Range: 0.9859 – 1.0002

AUD/CAD Update:

Click here for AUDCAD charts

The AUD has slipped on this cross from a high of 0.9982 to now trade at 0.9948 with the CAD gaining strength from the BoC rate hike on Wednesday. NAFTA talks have the potential to knock the CAD but at the moment the CAD looks able to extend gains, with the AUD likely to test support at 0.9895 over the next week.

 

AUD/CAD Exchange Rates

The current interbank midrate is: AUDCAD 0.9948

The interbank range this week has been: AUDCAD 0.9846 – 0.9976

AUD/CAD Update:

Click here for AUDCAD charts

The AUD continues to hold gains built on this cross last week, currently sitting at 0.9903. Potential exists for the AUD to break resistance at 0.9925 and push towards the 1.000 level especially if Thursday’s Aussie jobs data is good. However the BoC meeting on tomorrow does provide event risk on this cross, especially given expectations for a Canadian rate hike

AUD/CAD Exchange Rates

Current Level: 0.9904

Support: 0.9730

Resistance: o.9925

Last Week’s Range: 0.9721 – 0.9907

AUD/CAD Update:

Click here for AUDCAD charts

Some solid gains for the AUD against the CAD this week in spite of good Canadian data. It opened the week around 0.9758 and is now up at 0.9875 with AUD values helped by the reports of the US withdrawal from the NZFTA trade agreement and the better Australian retail sales data. If Australian employment figures are good next week look for a break of 0.9925.

AUD/CAD Exchange Rates

The current interbank midrate is:AUDCAD 0.9874

The interbank range this week has been:AUDCAD 0.9714 – 0.9902

AUD/CAD Update:

Click here for AUDCAD charts

The AUD/CAD levels have seen choppy trading, but given the stronger Canadian data of late the AUD has been on the backfoot…last Friday’s Canadian jobs data saw the AUD fall sharply on the CAD dropping to a low of 0.9708, the AUD is now back at 0.9745 but the AUD downside is favoured on this cross and we look for another test of the 0.9700 level.

AUD/CAD Exchange Rates

Current Level: 0.9749

Support: 0.9635

Resistance: 0.9885

Last Week’s Range: 0.9713 – 0.9851

AUD/CAD Update:

Click here for AUDCAD charts

The AUD has held onto and built on the gains made in the last week against the CAD. Now at 0.9860 and we expect 0.9880 to be reached over the next few days, before lighter holiday trading takes effect.

AUD/CAD Exchange Rates

Current Level: 0.9859

Support: 0.9635

Resistance: 0.9885

Last Week’s Range: 0.9668 – 0.9876

AUD/CAD Update:

Click here for AUDCAD charts

The AUD has surged higher against the CAD over the week, is now around 0.9817 after a high of 0.8956 late yesterday after the Aussie jobs data. Price action looks to confirm a breakout and we look for a push to 0.9880 levels out into next week, especially if Australian data remains supportive.

AUD/CAD Exchange Rates

The current interbank midrate is: AUDCAD 0.9803

The interbank range this week has been: AUDCAD 0.9643 – 0.9859

AUD/CAD Update:

Click here for AUDCAD charts

Positive Canadian data late last week helped to boost the Canadian dollar (CAD) somewhat, but gains against the Australian dollar (AUD) only proved temporary. After trading to a low of 0.9582 the pair quickly recovered back toward the 0.9670 level where it currently trades. We expect little overall direction ahead of the key events this week. Those are the US Fed decision on Thursday morning and Australian employment data out later that afternoon.

AUD/CAD Exchange Rates

Current Level: 0.9675

Support: 0.9600

Resistance: 0.9780

Last week’s range: 0.9582 – 0.9695

AUD/CAD Update:

Click here for AUDCAD charts

Currently sitting around 0.9690 with CAD giving way to the stronger AUD over the week…no clear direction and should remain at current levels to start next week….look for a test of 0.9730.

AUD/CAD Exchange Rates

The current interbank midrate is: AUDCAD 0.9698

The interbank range this week has been: AUDCAD 0.9612-0.9712

AUD/CAD Update:

Click here for AUDCAD charts

Now at 0.9660 up from Friday’s 0.9609 low, CPI data for Canada was as expected…with further BoC rate hikes likely on hold until next year, economic fundamentals should prevail, any improvement in Aussie data may test 0.9730 but longer term CAD is the favoured side of this AUD/CAD cross.

AUD/CAD Exchange Rates

Current Level: 0.9655

Support: 0.9635

Resistance: 0.9800

Last week’s range: 0.9612 – 0.9732

AUD/CAD Update:

Click here for AUDCAD charts

AUD/CAD news this week shows that after a low of 0.9636 earlier in the week this cross is now back around 0.9670 , CAD has been supported by better economic data and firm crude oil prices….tonight’s Canadian CPI figures may also give CAD another boost…immediate support is at 0.9636, upside at 0.9730 unlikely to be seen over the next few days…

AUD/CAD Exchange Rates

The current interbank midrate is: AUDCAD 0.9666

The interbank range this week has been: AUDCAD 0.9640 – 0.9748

AUD/CAD Update:

Click here for AUDCAD charts

Impact on this currency pair:

Still all about the CAD on this cross , now at 0.9718 after a low of 0.9686 on the day…CAD remains well supported on this cross and we look for a test of 0.9670/80 level for the AUD in the next day or so.

AUD/CAD Exchange Rates

Current Level Support Resistance Last week’s range
AUD/CAD 0.9720 0.9670 0.9905 1.0218 – 1.0316

AUD/CAD

Down at 0.9766 after good Canadian jobs figures on Friday and stronger crude oil prices strengthened the CAD….immediate support is at 0.9740 which should hold in the short term..then 0.9700….continued strong oil prices will pressure the AUD on this cross. Click here to access AUD/CAD currency charts.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9772 0.9670 0.9905 0.9751 – 0.9916

AUD/CAD

Impact on this currency pair:

Currently sitting around 0.9847, down from a 0.9912 yesterday but still in a broad 0.9750-0.9914 range that has been evident for the last 4 weeks, good Canadian jobs figures tonight will pressure the AUD but initial support at 0.9830 should hold in the short term a break would target 0.9812. Click here to access AUD/CAD currency charts.

The current interbank midrate is: AUDCAD 0.9845

 

The interbank range this week has been: AUDCAD 0.9817 – 0.9916

 

AUD/CAD
Direct FX – AUD to CAD exchange rates

Below is the interbank chart for the last five trading days.

AUD/CAD

Now at 0.9856 the AUD has ground higher from the 0.9812 low seen at the close of last week, immediate resistance is at 0.9880 and if no surprises from tonight’s Canadian data releases look for this level to be tested over the next 2 days. Click here to access AUD/CAD currency charts.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9852 0.9670 0.9905 0.9766 – 0.9879

AUD/CAD

The AUD opens marginally stronger on this cross for the week at 0.9768 as CAD is harder hit by USD strength, no clear direction and should stay in a 0.9727-0.9820 range over the next few days. Click here to access AUD/CAD currency charts.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9795 0.9670 0.9905 0.9701 – 0.9818

AUD/CAD

Choppy trading on this cross over the week, the AUD is now at 0.9758 up from a 0.9697 low for the week after the BoC Governor’s comments…the AUD looks to still be struggling on this cross, look for a push back to the 0.9710/20 level early next week. Click here to access AUD/CAD currency charts.

Exchange Rates:

The current interbank midrate is:    AUDCAD 0.9755

The interbank range this week has been:    AUDCAD 0.9701 – 0.9839

AUD/CAD

This cross was up at 0.9906 on Wednesday, but yesterday’s price action saw the AUD knocked down to 0.9767…is now even lower at 0.9755 and given the potential for some solid CAD economic data tonight the downside remains favoured on this cross. Click here to access AUD/CAD currency charts.

The current interbank midrate is:    AUDCAD 0.9761

The interbank range this week has been:    AUDCAD 0.9723 – 0.9908

AUD/CAD

After a high of 0.9786 to start the week the AUD is now at 0.9735 , CAD looks dominant on this cross as speculation continues over further BoC rate hikes…bias is to the downside and we look for a test of the 0.9700 level early next week. Click here to access AUD/CAD currency charts.

The current interbank midrate is:    AUDCAD 0.9735

The interbank range this week has been:    AUDCAD 0.9695 – 0.9816

AUD/CAD

The AUD has retreated on this cross and is now back at 0.9695 after the better Canadian employment data on Friday, the softer oil price has not helped the CAD but look for a 0.9680-0.9765 range over the next couple of days….. Click here to access AUD/CAD currency charts.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9702 0.9670 0.9835 0.9695 – 0.9927

AUD/CAD

After a drop on this cross to 0.9676 after the BoC rate hike , the AUD is now back at 0.9764 and we expect consolidation at current levels as more Canadian data next week is digested. Click here to access AUD/CAD currency charts.

The current interbank midrate is:    AUDCAD 0.9767

The interbank range this week has been:    AUDCAD 0.9713 – 0.9927

AUD/CAD

The AUD continues to slid on this cross as the Cad powers ahead on better data , now at 0.9866 , good AUD data this week may hold AUD above 0.9835 but BoC meeting on Wednesday provides event risk… Click here to access AUD/CAD currency charts.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9870 0.9835 0.9950 0.9848 – 1.0001

AUD/CAD 

Like the NZD the AUD has been knocked around by the loonie…now down at 0.9905 after a 1.0001 high at the start of the week …look for an extension into the 0.9880/90  region next week. Click here to access AUD/CAD currency charts.
The current interbank midrate is:    AUDCAD 0.9900

The interbank range this week has been:    AUDCAD 0.9879 – 1.0000

AUD/CAD

The AUD is now trading around 0.9910 after a 0.9962 week high yesterday ….given the change in risk allied with improving CAD data we look for a test of support of 0.9860 later in the week. Click here to access AUD/CAD currency charts.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9911 0.9860 0.9950 0.9872 – 0.9975

The AUD has weakened against the CAD , now down at 0.9880 with immediate support at 0.9860 , should hold above this level to go into next week but data releases still favour the CAD..a retreat to 0.9780 is possible over the next week.
The current interbank midrate is:    AUDCAD 0.9880

The interbank range this week has been:    AUDCAD 0.9872 – 1.0027

The AUD is marginally down on the CAD at 0.9975 but still within the old 1.0041-0.9970 range, direction remains unclear but better data favour the CAD, a drift to 0.9950 support level looks likely in the short term.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9967 0.9950 1.0083 0.9965 – 1.0050

Continues to trade the old 1.0041-0.9970 range seen for nearly two weeks…now at 0.9997…CAD data has been softer but this has been countered by the risk-off AUD selling…expect range trading to continue into next week pending some clearer direction.
The current interbank midrate is:    AUDCAD 0.9999

The interbank range this week has been:    AUDCAD 0.9964 – 1.0037

The AUD has had choppy trading on this cross, now at 1.0026 after a 1.0071-0.9970 range over the week…expect consolidation at current levels for the next few days into next week.
The current interbank midrate is:    AUDCAD 1.0020

The interbank range this week has been:    AUDCAD 0.9975 – 1.0068

The AUD continues to range trade in a narrower 1.0041-0.9970 range , now at 1.0010 stronger CAD fundamentals are supportive, look for test of 0.9950 later this week.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0016 0.9950 1.0085 0.9975 – 1.0068

The AUD continues to hold firm against the CAD and is currently at 1.0026 with 1.0080 firmly in its sights for later this week.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0026 0.9950 1.0083 0.9935 – 1.0048

Has traded in a tight 1.004-0.9932 sideways range all week, now at 1.0003 …we still favour a break to the upside over 1.0050 early next week…a weaker Canadian jobs report tonight would target a move onwards to 1.0080.
The current interbank midrate is:    AUDCAD 1.0005

The interbank range this week has been:    AUDCAD 0.9925 – 1.0048

The Australian dollar lost ground to the Canadian dollar in the first half of the week, making a low of 0.9862 in the wake of Wednesday’s soft Australian inflation data. Since then however, and driven by broad based USD weakness, the AUD has outperformed the CAD driving the cross rate back up over parity. While the focus remains on the topside, resistance at 1.0050 should cap any further gains in the near term.
The current interbank midrate is:    AUDCAD 1.0007

The interbank range this week has been:    AUDCAD 0.9862 – 1.0021

The Australian dollar traded to highs of 1.0056 against the Canadian dollar last week, but decent Canadian economic data on Friday night helped the CAD recover some of the lost ground. Wholesale Trade Sales came in much stronger than forecast and that caused the pair decline back to support around 0.9900. Direction over the rest of this week will likely be driven by tomorrow’s release of Australian inflation data. The market is looking for a gain of 0.4% for the quarter and a stronger result than that could easily see the AUDCAD back up over parity. If inflation data disappoints, the market may well set its sights on key support around 0.9750.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9912 0.9750 1.0050 87.50 – 89.28

The Australian dollar leapt higher against the CAD on Tuesday afternoon, boosted by upbeat minutes from the RBA. Since then however the pair has drifted sideways around the 1.0010 level with a lack of overall direction. There is support at 0.9950 on the downside, while initial topside resistance comes in around 1.0060. Those two levels may well contain trade as we head into next week. Tonight’s Canadian data, in the form of inflation and retail sales, will draw attention and may well dictate near term direction.
The current interbank midrate is:    AUDCAD 1.0008

The interbank range this week has been:    AUDCAD 0.9845 – 1.0056

We have seen some volatile price action this week as both the Australian and Canadian dollar have seen periods of relative outperformance. Ultimately the Australian dollar has prevailed and the pair has managed a decent bounce from the lows of 0.9735 set immediately after the Bank of Canada rate hike last Wednesday. The pair currently trades around 0.9900 and the immediate focus is now of the RBA minutes set for release early this afternoon.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9886 0.9750 0.9960 0.9744 – 0.9953

The Canadian dollar has been a strong performer over the past couple of weeks, buoyed by increasing expectation of an interest rate hike from Bank of Canada (BOC) this week. Friday’s strong Canadian employment numbers have only added to this expectation and they helped to push the AUDCAD cross down to is 0.9771 low. Further loses from here may be harder to come by as much of the expected interest rate hike is now priced in. Key to direction going forward will be the outlook from the BOC in terms of potential future rate hikes.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9807 0.9750 0.9960 0.9772 – 0.9978

The AUD was knocked lower on Tuesday from 0.9978 to a 6 month low of 0.9795 yesterday after the oil price uptick helped the CAD…a rebound to 1.0100 looks a bridge-to-far next week.
The current interbank midrate is:    AUDCAD 0.9849

The interbank range this week has been:    AUDCAD 0.9799 – 1.0003

Maintaining a narrow range the AUD is now around 0.9975 , the better data has helped the AUD maintain its value in the face of a stronger CAD on BoC rate hike rumours , we still look for a push back over 1.0100.

Current Level Support Resistance Last week’s range
AUD/CAD 0.9970 0.9950 1.0150 0.9923 – 1.0085

The AUD is higher at 0.9990 after low of 0.9920 for the week but the range has been small, given the stronger AUD sentiment we still look for an advance to the 1.0100 level next week.
The current interbank midrate is:    AUDCAD 0.9988

The interbank range this week has been:    AUDCAD 0.9923 – 1.0085

Still choppy having been at 0.9962 low last week and now back at 1.0062..with the oil price now in bear market territory, AUD upside is favoured with a move to 1.0100 fancied in the next 4-5 days.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0060 0.9950 1.0150 0.9966 – 1.0099

Choppy trading continues on this cross, now around 1.0031 after a 1.0104 last week, the AUD should come back on the CAD as the oil price remains under pressure (CAD depressive)  and the iron ore price seems to have found a bottom (AUD supportive) …look for a move back to 1.0100+ over the next few days.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0036 1.0075 1.0150 0.9961 – 1.0105

Currently at 1.006 after a volatile week that has seen 1.0145 highs and lows of 0.9958….we favour the AUD given the better data emerging and the continued low oil price pressurising the CAD… look for a move to test immediate resistance at 1.0100 next week…
The current interbank midrate is:    AUDCAD 1.0061

The interbank range this week has been:    AUDCAD 0.9961 – 1.0196

The AUD has slipped on this cross, now down to 1.0043 as rate hike speculation has driven the Canadian dollar higher along with higher oil prices. We still favour the AUD on this cross and look for a move back to the 1.0100+ levels over the next few days.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0041 0.9950 1.0150 1.0036 – 1.0211

The AUD has made up some ground against the CAD on the weaker crude oil price, now around 1.0060 but given today’s RBA and tomorrow’s Aussie GDP this will take the pressure off the CAD …the CAD is favoured over the AUD , look for a move to test the 0.9950 level over the next day or so.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0055 0.9925 1.0072 0.9950 – 1.0103

The AUD continues to weaken against the CAD, now at 0.9977 , support is around 0.9925 which is likely to be probed next week .
The current interbank midrate is:    AUDCAD 0.9980

The interbank range this week has been:    AUDCAD 0.9950 – 1.0063

The AUD is at 1.0002 continuing a decline from 1.0072 seen early last week, initial support is at 0.9970 , but the US data this week if good, will pressure the CAD and we may see some retracement in this cross …look for a move back towards 1.0050 and above later in the week.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0004 0.9970 1.0072 0.9995 – 1.0122

The AUD has trended higher against the CAD over the last few days, now at 1.0100 with next stop at 1.0132 we still hold with our view that later in the week will see a move back to the 1.0150 level….

Current Level Support Resistance Last week’s range
AUD/CAD 1.0100 1.0010 1.0150 1.0059 – 1.0164

Lower from weeks high of 1.0163 to currently at 1.0100…next major support is at 1.0010 but the AUD should hold 1.0065 lows to end week …the AUD is still in a broad uptrend pattern against the CAD and a grind back to the 1.0150 +  level looks on the cards next week.
The current interbank midrate is:    AUDCAD 1.0099

The interbank range this week has been:    AUDCAD 0.9839 – 0.9933

Now at 1.0098 and a breakdown of this level would initially extend to the 1.0046 level, better oil prices will help the CAD on this cross, a move towards 1.0010 is now  favoured.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0092 1.0000 1.0200 1.0034 – 1.0156

Back around 1.0100 after a low at 1.0010 earlier this week..the AUD is favoured on this cross but better AUD fundamentals are required for a  push back 1.01300 level.
The current interbank midrate is:    AUDCAD 1.0100

The interbank range this week has been:    AUDCAD 1.0034 – 1.0198

The AUD has fallen against the CAD from highs around 1.0344 last week to its current level of 1.0075. Given the softer CAD fundamentals and weaker oil prices the AUD should hold around current levels against the CAD over the next few days.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0074 0.9950 0.9863 1.0076 – 1.0345

Declined from 1.0343 to 1.0131 over the week, is now at 1.0178 but we expect further declines next week to the 1.0050 level, given continuing disappointing AUD news.
The current interbank midrate is:    AUDCAD 1.0176

The interbank range this week has been:    AUDCAD 1.0136 – 1.0346

The AUD has held well against the CAD over the week moving higher from 1.0116 to 1.0310, it is currently back a little at 1.02920 , but a move to previous highs at 1.03315 last seen on 20th March looks likely given uncertainty over Canadian US exports.

Current Level Support Resistance Last week’s range
AUD/CAD 1.0302 1.0120 1.0330 1.0121 – 1.0314