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How to Trade AUD/CAD on the Daily Chart

Everything you need to know about trading AUD/CAD on D1 — when it works, when it doesn't, and how to size your risk for this specific combination.

Reviewed by the Candleread desk · Updated 2026-04-09

The short answer

AUD/CAD on the D1 (Daily) timeframe is best suited for swing traders. AUD/CAD has an average daily range of 60 pips and a typical spread of 2 pips. The best session for this pair is the Asian–New York overlap, where liquidity peaks and spreads tighten. On D1, each candle represents 1440 minutes of price action, producing about 1 candles per day.

Why AUD/CAD on D1?

Australian dollar vs Canadian dollar. Iron ore vs crude oil. Reflects China demand (AUD) vs North American energy (CAD). Tends to range-trade during neutral commodity environments. Breaks on resource price divergence. On the Daily timeframe: One candle per day. The gold standard for trend analysis. Every serious trader should check the daily chart regardless of their trading timeframe. Swing traders and position traders. Also used as the bias-setting timeframe by day traders. Typical hold time: 3-30 days.

AUD/CAD Key Stats

Here are the numbers that matter when trading AUD/CAD on D1:

  • •Category: commodity pair
  • •Typical spread: 2 pips
  • •Average daily range: 60 pips
  • •Best session: Asian–New York overlap
  • •Timeframe: D1 (Daily) — swing
  • •Candles per day: 1

The Daily Timeframe Explained

One candle per day. The gold standard for trend analysis. Every serious trader should check the daily chart regardless of their trading timeframe. The most-watched timeframe in forex. Institutional positions are built on daily levels. Daily candle closes (5 PM ET) are significant events. If you can only look at one timeframe, look at this one.

How to Set Up a AUD/CAD D1 Trade

  1. 1

    Check the higher timeframe trend

    Before entering on D1, check the next timeframe up for the trend direction. If you're trading D1, look at the D1 chart for bias.

  2. 2

    Identify key levels

    Mark support and resistance on the D1 chart for AUD/CAD. Given the 60-pip average range, expect levels spaced 20–30 pips apart.

  3. 3

    Wait for your setup

    Whether you're trading breakouts, pullbacks, or bounces — wait for the setup, don't chase. On D1, patience means waiting for the right candle pattern at the right level.

  4. 4

    Size your position

    Use the position size calculator. Risk 1% of your account. With a typical stop of 24 pips on AUD/CAD D1, that determines your lot size.

  5. 5

    Manage the trade

    On D1, check the trade every once per day. Move stop to breakeven after 1R of profit. Let winners run to 2–3R.

When NOT to Trade This Combination

Avoid AUD/CAD on D1 during the wrong session — AUD/CAD's best session is Asian–New York overlap and trading outside that window means wider spreads and lower volume. Also avoid right before and during high-impact news releases unless you specifically have a news-trading strategy. On D1, a single news candle can blow through your stop and target in seconds.

Key takeaways

  • ✓AUD/CAD on D1 is a swing setup with 60-pip average daily range
  • ✓Best session: Asian–New York overlap
  • ✓Always check the higher timeframe for trend direction before entering on D1
  • ✓Size positions using the 1% rule — calculator says the lot size, not your gut
  • ✓Spread of 2 pips matters more on shorter timeframes — factor it into your stop

Frequently asked

What is the best timeframe to trade AUD/CAD?+
It depends on your style. Scalpers use M5–M15, day traders use M15–H1, and swing traders use H4–D1. AUD/CAD has enough liquidity and tight enough spreads for all timeframes. The D1 (Daily) timeframe is best for swing traders.
What is the average spread on AUD/CAD?+
On a good ECN broker, AUD/CAD typically has a spread of 2 pips. During Asian–New York overlap, spreads tighten further. During low-liquidity periods (Asian session for majors, holidays), spreads can widen 2–3x.
How many pips does AUD/CAD move per day?+
AUD/CAD averages about 60 pips per day. This is the Average Daily Range (ADR). On high-impact news days (NFP, CPI, central bank decisions), the range can be 1.5–2x normal.
Is AUD/CAD good for beginners?+
Not recommended for beginners. AUD/CAD has wide spreads (2 pips), thin liquidity outside peak hours, and can move 60+ pips per day. Start with EUR/USD or GBP/USD first.

Keep reading

Trade AUD/USD on D1

Trade USD/CAD on D1

AUD/CAD on other timeframes

Position size calculator

Pip value calculator