AUD/CAD: Months of Indecision — Is a Breakout Finally Coming?

AUD/CAD is consolidating after months of indecision, with the pair trapped in a broad 0.9750–0.9950 range since April and tightening into a symmetrical triangle since June. The article argues a breakout is becoming more likely over the medium term as price compresses against an ascending trendline and a descending resistance line. Fundamentally, the Australian dollar has recovered from late-June weakness amid improved risk sentiment, while the RBA has warned it could tighten further if oil-driven inflation expectations rise. The Bank of Canada held rates at 2.25% and sounded cautiously optimistic on growth, but also highlighted Middle East instability as a major risk. The setup suggests the next directional move in AUD/CAD will be driven by whether the pair can clear 0.9950 or instead break below 0.9750, which could open downside toward 0.9500–0.9550.