AUDCAD Analysis

Introduction

The AUD/CAD represents the relationship between two commodity-driven economies, Australia and Canada. This pair is heavily influenced by global commodity prices, especially energy (oil) and metals. Both Australia and Canada are major exporters of natural resources, with Australia focusing on metals and minerals and Canada being an oil exporter. Movements in the price of crude oil tend to have a significant impact on the CAD, while Australian export prices (iron ore, coal) affect the AUD. The monetary policies of the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) also drive the pair, particularly interest rate decisions and inflation data.

Fundamentals and Interest Rates

The Reserve Bank of Australia policy is Dovish with the (RBA) current Interest rate 3.85%. Latest change was Feb 03, 2026 (25bp)%.
On that side the Bank of Canada policy is Dovish and (BOC) has set its interest rate to 2.25% by latest change, Oct 29, 2025 (-25bp).
(RBA) Higher interest rates generally lead to higher returns on investments denominated in AUD. This tends to attract foreign capital into AUD assets.

Based on the economic and macro fundamental data, The Fundamental Bias of AUD is Strong Bullish and for the CAD is Weak Bearish.
Ziwox considering Moderate Bullish bias for this asset and we anticipate long-term price increases.
Our Ziwox A, mid-term Fundamental Score for AUD is 4. and Fundamental Score for CAD is 6. So, base on the Fundamental Score, we predict mid-term downside price movement.

Market Overview & Performance

In the current trading session, "New York", Market risk sentiment is Mix. The New Zealand Dollar and Australian dollar recorded the strongest performance, while the Gold and United States Dollar are weakest so far.

Currencies performance vs US dollar "USD"
Gold "XAU", recorded a -0.54% decrease against us dollar.
Euro "EUR", performance has been 0.46% up so far
Pond "GBP", performance has been 0.41% up as of now
Australian dollar "AUD", has risen by 0.81%
New Zealand dollar "NZD", has risen by 0.87%
Japanese YEN "JPY", experienced 0.21% rise
Swiss franc "CHF", experienced 0.23% rise so far
Canadian dollar "CAD", has gained 0.33%

Market Sentiment and Positioning

AUD COT (Commitments of Traders):

Institutions Net Position on >Australian Dollar is 54197 included 121394 long, 67197 short and -13565 position changed from last week.
So they mainly have a bullish view on this asset and bought AUD for higher prices in long-term.
Last week -13565 repositioning Indicates closing positions, short-term profit-taking, or a general pessimism about prices.

CAD COT (Commitments of Traders):

Institutions Net Position on >Canadian Dollar is 36159 included 93899 long, 57740 short and 15109 position changed from last week.
So they mainly have a bullish view on this asset and bought CAD for higher prices in long-term.
Last week 15109 repositioning Indicates that they are optimistic about higher prices in mid-term.

Retail Traders:

Crowd traders or Retail traders are bullish on the AUDCAD with 56% 44% ratio. 0 long pos and 0 short position.
We generally adopt a contrarian approach towards crowd sentiment and we give probability AUDCAD prices may decrease.

Technical Levels and Support/Resistance

The AUDCAD pair is approaching a critical technical support level near 0.94912.
Technical trend is Sell, So If the pair continues to weaken, this support could become a significant area to watch for potential reversal or consolidation.
On the upside, there is key resistance near 0.97462. Technically, If the pair continues to the upside, this resistance level could become a significant area to watch for sell entery potential.