AUDCAD — Testing Multi-Year High Resistance

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AUDCAD — Testing Multi-Year High ResistanceAUD/CADOANDA:AUDCADdarlwrightAUDCAD has been in a sustained uptrend and is now approaching price levels not seen in approximately five years. A prior attempt to position via limit entry last week did not trigger as price failed to retrace into the planned zone. Price is currently interacting with a major resistance area where a potential triple-top structure could develop if rejection signals begin to form. Current technical observations: • Price remains structurally strong to the upside • 4-hour momentum is elevated but has not yet hooked lower • Market will need to show clear rejection behavior to complete a potential reversal structure • Daily momentum remains positioned to the downside, suggesting higher-timeframe directional pressure • Monitoring this area closely for confirmation signals and volume participation At this stage, this remains a market in preparation mode. We will continue to observe price behavior for rule-based alignment before considering any trade execution. ⚠️ Educational technical analysis only — not financial advice. Patience and structured execution remain essential.