AUDCAD - Resistance Comes Back Into Focus!

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AUDCAD - Resistance Comes Back Into Focus!AUD/CADOANDA:AUDCADRayannsrAUDCAD continued its bullish momentum after rejecting the blue support area, with buyers successfully pushing price higher toward the next key technical resistance. Price is now approaching the red resistance and supply area, which has previously acted as an important barrier for the market and is worth monitoring closely. ⭕As price approaches this resistance zone, we can start looking for sell setups on lower timeframes, particularly if price shows signs of rejection from the current area. ⭕However, if buyers manage to break above the current resistance zone, it would indicate that bullish momentum remains strong and increase the probability of further upside. The upcoming reaction may reveal whether sellers are ready to slow the current recovery, or if buyers have enough momentum to continue pushing higher. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #AUDCAD #AUD #CAD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure