AUDCAD Approaching Key Resistance — Potential Sell Setup

is approaching a key resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in.

The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 0.90700, a logical target based on prior price behavior and the current structure.

However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside.

Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!

Trade closed: target reached

TrendDiva

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TrendDiva

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