AUD/CAD Price Action Study

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AUD/CAD Price Action StudyAustralian Dollar / Canadian DollarCAPITALCOM:AUDCADJunmadayagAUD/CAD Price Action Study 4H Timeframe: 
The overall structure stays strongly bullish, maintaining higher highs and higher lows from the February demand zone. After tagging and clearing the 4H resistance, price is now consolidating in a narrow band right above the former weekly resistance. This consolidation reflects a healthy pause where buyers and sellers are battling for control following the breakout. The green demand zone near 0.9450 remains a distant but solid backstop, while the area around 0.9630 could act as interim support if deeper retracement occurs. Key Levels & Bias: * Support (former Resistance): 0.97765 – 0.97585 zone — now critical for bulls to defend. Holding above keeps the breakout valid. * Next Resistance: Clear path higher once consolidation resolves upward. * Deeper Support: 0.9630 area or the major 0.9450 demand zone. Outlook:
Bullish bias intact. The weekly resistance break signals continuation potential, with current consolidation offering a possible accumulation phase before the next leg up. A strong close above 0.980 the consolidation highs would confirm resumption of the uptrend. Watch closely for rejection or breakdown below the new support zone — a failure here could invite a retest lower before buyers step back in. Your boost is appreciated but your thoughts are much more valuable