Cross pair

AUD/CAD(Aussie Loonie)

AUD/CAD pairs two commodity currencies. It is one of the lowest-volatility cross pairs because both currencies share commodity-driven tailwinds and headwinds. Best traded around RBA/BoC policy divergence.

1.8 to 3.5 pips

Typical spread

50 to 85 pips

Daily range

$7 to $8

Pip value / lot

Asian + NY overlap (varies)

Best session

What is AUD/CAD?

AUD/CAD pairs two commodity currencies: AUD (linked to industrial metals + China) against CAD (linked to crude oil + US demand). When commodity prices rise broadly, both currencies typically strengthen together, limiting the cross's range.

Daily ranges of 50 to 85 pips are typical — among the lowest of any cross involving commodity currencies. The pair often respects horizontal support and resistance for weeks at a time.

Base currency: AUD (Australian Dollar, Australia)
Quote currency: CAD (Canadian Dollar, Canada)
Pip location: 4th decimal (0.0001)
Volume share: under 0.5% of daily global forex turnover

When to trade AUD/CAD

AUD/CAD has two prime windows. The Asian session (5 PM to 3 AM ET) drives AUD-side moves. The NY session (8 AM to 5 PM ET) drives CAD-side moves.

Avoid the late-London window — Australian markets have closed and Canadian markets haven't opened. The pair drifts.

Best session: Asian + NY overlap (varies)
Avoid: Late London (12 PM ET onwards)

News events that move AUD/CAD

RBA and BoC rate decisions drive the largest moves. Crude oil and Chinese data drive the two legs in opposite directions: rising oil supports CAD (pushes AUD/CAD lower); rising Chinese demand supports AUD (pushes AUD/CAD higher).

AU CPI and CA CPI prints produce 30-50 pip moves.

Central banks: Reserve Bank of Australia (RBA), Bank of Canada (BoC)
Key releases: RBA rate decisions, BoC rate decisions, Crude oil, Chinese data, AU / CA CPI

Want the full event calendar? See the economic calendar, and look up unfamiliar terms in the forex glossary.

AUD/CAD FAQ

Why is AUD/CAD low-volatility?

Both currencies are commodity-driven, so they often move together when commodity prices change broadly. Daily ranges are smaller than crosses involving a non-commodity currency.

What is the typical spread on AUD/CAD?

1.8 to 3.5 pips on most ECN brokers.

When is the best time to trade AUD/CAD?

Two windows: Asian (5 PM to 3 AM ET) for AUD-side, NY (8 AM to 5 PM ET) for CAD-side.

How does Chinese data affect AUD/CAD?

Strong Chinese data supports AUD more than CAD (China is AU's larger trading partner). Result: rising Chinese PMI pushes AUD/CAD higher.

Is AUD/CAD a good range-trading pair?

Yes. Low volatility and consistent support/resistance respect make it a favored pair for mean-reversion strategies on the 4H and Daily.

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