AUDCAD Forming Bullish MomentumAUD/CADOANDA:AUDCADAndrewsMarket-MasteryAUD/CAD has formed a clean base around the 0.9150–0.9200 range, suggesting that buyers are defending this zone and accumulation may be underway. The recent move upward with a potential breakout in play aligns with a view that the Aussie could be set for further strength. If momentum continues, we could see AUD push toward the 0.9300–0.9400 area, which would be a compelling risk-reward opportunity for bulls. On the macro side, there’s a strong interest rate differential working in favor of AUD. The Reserve Bank of Australia is holding its rate at 3.60%, according to recent data, while the Bank of Canada has cut its rate to 2.25%, signifying a dovish tilt. This gap draws carry flows toward the AUD from yield-seeking investors. Meanwhile, Australia’s economic growth outlook remains decent, with the RBA projecting GDP to grow by around 2.0% in December 2025. Commodity plays also support AUD strength: as a major exporter of raw materials, Australia benefits when global demand remains firm. That said, downside risks exist. A sharper-than-expected economic slowdown in Canada, combined with further rate cuts, could weigh on the loonie and reinforce AUD strength. On the flip side, if Australia faces inflationary pressures, the RBA might be forced to re-adjust its policy, which could compress the rate edge.