AUD/CAD approaching resistance — potential downside developing

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AUD/CAD approaching resistance — potential downside developingAustralian Dollar vs Canadian DollarPEPPERSTONE:AUDCADFYRTradesAUD/CAD is approaching a key resistance zone around the 0.9780 area, where price has previously shown signs of rejection. Current structure suggests a potential loss of momentum, with price struggling to push higher into this region. If this level holds, there is scope for a move back toward lower support levels in the near term. A break above this area would invalidate the short-term bearish view. As always, managing risk carefully and watching how price reacts at this level.