AUDCAD - Bullish Structure Facing a Key Test!AUD/CADOANDA:AUDCADRayannsrAUDCAD remains overall bullish, continuing to trade inside the red ascending channel that has been guiding price action. Price is now testing an important area where the lower boundary of the channel aligns with a well respected support zone that has generated multiple rejections recently. This makes the current area an interesting zone to monitor. ⭕If support continues to hold and price confirms rejection on lower timeframes, we may see the next bullish impulse develop within the existing bullish trend structure. ⭕However, if price breaks below this area, the focus shifts toward the next support zone where buyers may become active again. The reaction here may provide a better indication of whether the broader bullish structure remains intact, or if a deeper correction is starting to develop. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #AUDCAD #AUD #CAD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure