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Last modified on November 17th, 2017 8:58 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%

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