Lingrid | AUDCAD Resistance Rejection Short OpportunityAustralian Dollar/Canadian DollarFX:AUDCADLingridAUDCAD faced a strong rejection from the resistance area at 0.9218 and is now turning lower. Price action shows that after a breakout run supported by the upward trendline, momentum failed near the highs, signaling exhaustion. If sellers maintain control below 0.9200, the market is likely to test the 0.9160 level, with potential extension toward 0.9132. The broader structure suggests a corrective phase inside the channel, aligning with bearish bias. ⚠️ Risks: A recovery above 0.9218 could invalidate the bearish outlook. Strong AUD performance from macro data might lift the pair again. Global risk-on sentiment could dampen CAD demand and push price back higher.If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!