CAD to AUD Forecast & Outlook
28 Mar 2026 • 00:26 GMT
📊 Forecast snapshot
- Near-term bias: 🔴 Mild downside
- Expected range: 1.0450 – 1.0920
- Dominant driver: 🌍 Global risk sentiment
- 3-month trend: ⚪ Range-bound
Currently, CAD/AUD is trading close to its 3-month average while finding support around recent highs. Risk sentiment remains the dominant influence, supported by the pair’s place above the 90-day average. The pair is consolidating within its recent range, suggesting near-term conditions may remain supported but could face pressure if risk appetite shifts.
💸 Transfer implications
- Expats: sending money to Australia may find current exchange conditions relatively supportive, making transfers somewhat more favourable.
- Travellers: exchanging currency might not see significant short-term advantage or disadvantage with current levels.
- Businesses: paying overseas invoices in AUD could experience slightly less favourable conditions if the pair trends lower.
🧭 Key drivers
- Rate gap: The rate remains influenced by the recent divergence between Canadian and Australian monetary policy, with the pair trading above the 90-day average.
- Risk/commodities: Risk-off sentiment continues to pressure risk-sensitive FX, supported by a risk-averse environment.
- Global factors: Global risk sentiment is the key driver, with safe-haven flows favoring the Canadian Dollar over the Australian Dollar.
⚠️ What could change it
- Upside risk: A shift towards risk-on conditions or a rally in commodities may boost the pair above resistance levels.
- Downside risk: Further risk-off sentiment or a decline in commodity prices could weaken the pair, making the Australian Dollar less supported.
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