AUDCAD: Bearish Continuation Setup
The AUDCAD pair is trading within a descending channel, indicating a bearish market structure. The price has retraced into a key supply zone, which aligns with the channel's upper boundary and previous lower highs.
Because the price rejected at this zone, I anticipate a bearish move toward the 0.88300 level, which aligns with a key support zone on the higher time frames.
Because the price rejected at this zone, I anticipate a bearish move toward the 0.88300 level, which aligns with a key support zone on the higher time frames.
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