audcadAUD/CADOANDA:AUDCADAli_ExplorerAUD/CAD Trade Signal – Strategic Short Opportunity Identified A compelling short-selling opportunity has materialized on the AUD/CAD currency pair, presenting traders with a potential low-risk, high-reward setup. The pair is currently trading near a key resistance level, showing signs of bearish exhaustion and potential reversal. Market participants are encouraged to consider initiating a short position around the entry price of 0.89929, where the pair appears overextended and vulnerable to downside pressure. Trade Execution Parameters: Entry Point: 0.89929 – This level is aligned with short-term resistance and represents a favorable risk-to-reward entry for sellers. Take-Profit Objectives: 🎯 Target 1: 0.89888 – Initial support level, ideal for partial profit-taking. 🎯 Target 2: 0.89880 – Deeper retracement, suggesting increased bearish momentum. 🎯 Target 3: 0.89875 – Final target, near the lower boundary of current intraday range. Stop Loss: 0.89980 – Placed slightly above the resistance area to contain losses in case of an unexpected breakout to the upside.