Buying AUDCAD up to 0.9815

From April 22 to April 26, 2026, AUDCAD is expected to maintain its bullish momentum, with a strong chance of climbing above 0.9800. Monetary divergence between the Australian and Canadian central banks remains the primary engine behind the pair’s dynamic. While the former keeps fighting inflation with hawkish rhetoric, the latter looks ready to cut interest rates. Let’s see how these conditions are shaping the outlook for each currency.

Aussie prospects

The Reserve Bank of Australia’s (RBA) policy tightening and elevated commodity costs are the currency’s key pillars of support. The Consumer Price Index (CPI) report for the first quarter (Q1) came in above forecasts (1.0% versus 0.8%), extinguishing any faint market hopes for monetary easing this year.

Inflation data poured cold water on traders’ projections of lower borrowing costs. Moreover, these unfavorable figures raise the odds of rate hikes if the CPI remains stubborn. Key exports—iron ore and gold—continue to fetch high prices thanks to geopolitical tensions, generating steady capital flows into the AUD.

Loonie prospects

The Bank of Canada (BoC) is leaning toward a softer policy stance as the country's inflation cools to 2.7%–2.8%, which is already within the regulator’s target range of 2%–3%. This effectively gives a green light for rate cuts in the coming months.

The CAD typically rises in tandem with oil prices, but this factor is now being overshadowed by expectations of lower borrowing costs. Investors are shifting funds from the Canadian dollar to currencies offering higher yields, such as the AUD.

Given the widening yield gap (RBA rates are set to stay higher for longer), the pair retains its upside potential.

The overall recommendation is to buy AUDCAD. Profits should be taken at 0.9815. Stop Loss could be set at 0.9770.

The volume of the open position should be calculated so that the potential loss (protected by a Stop Loss order) does not exceed 1% of your deposit. If your account balance does not allow opening a position of this size, it is better to avoid entering the market on this signal and wait for other trade options that meet low-risk criteria.