Forex Trading Short on AUDCAD. US Indices in Consolidation over Political Uncertainty.
Forex Trading Short on AUDCAD. US Indices in Consolidation over Political Uncertainty.

In today’s GCI Market Outlook, let’s take a look at Forex Trading on WTI Crude Oil, AUDUSD, AUDCAD, the S&P 500, and the NASDAQ.
We talked last time about buying the dip on US stock indices but we still don’t have enough confirmation to open a long position.
It seems that corporate America is heading into a period of uncertainty.
Political instability causes uncertainty and uncertainty is actually worse than bad news when it comes to decision making.
Therefore, we may not see much movement until November when the US elections take place.
Technically, a long position may not be advisable right now.
We have been range trading AUDUSD for a few weeks now and we see no reason to stop.
However, the range seems to be getting tighter.
If we use Bollinger Bands, we can watch for a Bollinger Squeeze.
Here we see one which was followed by a sudden dramatic move.
AUDCAD has also given us opportunities but we now see price action starting to consolidate into a symmetrical pennant.
If we want to open a short position, we need to see some technical confirmation.
Right now the stochastic oscillator is undecided and we need to confirm direction first.
Right now, AUD and CAD are pretty much tied as the strongest currencies.
This may change if we see a downturn in the price of WTI Crude Oil which has pulled back from its May/June high.
If we fall from the high of almost $82 per barrel, CAD should fall as well.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- Forex Trading and Buying the Dip on Silver XAGUSD, Gold XAUUSD, S&P500, DAX, and Dow Jones. Yesterday 04:49 AM
- Forex Trading Silver XAGUSD: Reaching its Peak? Gold XAUUSD in Ascending Triangle. Range Trading AUDUSD. July 25, 2025 03:12 AM
- Forex Trading JPY on Elections and Trade Talks. Gold XAUUSD in Ascending Triangle. ECB Interest Rates this Week. July 21, 2025 07:06 AM
- S&P500 TACO Trade. USD Weaker on Rate Cut Chatter. US Congress Passes Stable-coin Law. July 18, 2025 02:45 AM
- CAD, GBP, and USD Inflation CPI in Focus. Bitcoin BTCUSD at Record Highs as we Wait for US Congress. Forex Trading Long on GBPAUD. July 14, 2025 06:47 AM
- US Indices Fall Again on New Tariffs. NASDAQ & S&P500 in Ascending Triangles. WTI Crude Oil at Lower Trend Line. July 11, 2025 04:54 AM
- Dow Jones Falls on Tariff Fears. Time for a TACO Trade? OPEC+ Rumored to Boost Production. Forex Trading Short on Gold XAUUSD. July 08, 2025 04:17 AM
- Forex Range Trading Silver XAGUSD. USD Reversal? July 04, 2025 06:17 AM
- Forex Trading Gold XAUUSD in Ascending Triangle. USD Weaker Still. DAX Near All-time Highs. July 01, 2025 07:39 AM
- WTI & Brent Crude in “Wait and See” Mode. Forex Trading Short on USDCAD? US Indices Rising. June 25, 2025 11:38 PM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT