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AUD/CAD

View indicative pricing and leverage information for AUD/CAD.

AUD/CAD price chart

AUD/CAD market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

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AUD/CAD overview

AUD/CAD is a currency pair that pits the Australian dollar against the Canadian dollar. It is generally considered to be a minor currency pair, as it features two major currencies which aren’t the US dollar.

AUD and CAD are two well-known examples of ‘commodity’ currencies – meaning that their prices are often driven by the movements of commodity markets. Australia is a major exporter of iron ore, oil and gold; Canada exports significant amounts of oil, gold and timber.

As such, AUD/CAD often sees price action when commodity markets are on the move.

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