AUDCAD Eyes Key Resistance: Will It Break or Bounce?

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AUDCAD Eyes Key Resistance: Will It Break or Bounce?

AUDCAD is approaching a significant resistance zone near 0.8980—the same level that capped price action in early July.

While the pair is showing signs of hesitation with small candles, this indecision may be tied to broader market uncertainty, including renewed concerns over Trump-era tariffs.

If we monitor for potential reversal signals around this level, it could present a solid trading opportunity.

🎯 My targets: 0.8930; 0.8905 ; 0.8870

You may find more details in the chart!
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