AUD/CAD – Bullish Reversal Structure FormingAustralian Dollar/Canadian DollarFX:AUDCADniclaxfxPrice is reacting from channel support while forming a potential inverse head & shoulders on H1-H4 TF. The right shoulder is developing above a major SR Level, showing buyers are beginning to defend structure - if broken i expect a strong rally to the next liquidity zone. 📝 Key confluences: 🔺 Bullish RSI recovery from oversold conditions 🔺 MA support attempting to flip bullish 🔺 Higher low formation inside ascending channel after bounce off from channel support 🔺 H4 SR acting as pivot zone If neckline resistance breaks cleanly, price could expand toward: ◘ 0.9960 liquidity zone ◘ 1.0005 weekly resistance 📈 Bias remains cautiously bullish while price holds above the head structure. Failure to maintain higher lows invalidates the setup.