AUD/CAD - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Break of 1HR Trendline - Price has broken key trendline support, confirming a bearish move. (+2)
✅ Break of 1HR & 4HR Support - Key levels have failed, indicating sellers in control. (+2)
✅ FVG (Fair Value Gap) Resistance - Price may retest FVG before further decline. (+1)
✅ Lower Highs Forming - Market structure suggests continuation to the downside. (+1)

🔻 Total Bearish Score: 6

📰 Sources:
Trendline & Price Action - XTB
Market Structure & Momentum - IFC Markets

📈 Bullish Bias

✅ 4HR Support Zone Holding - Price is testing a key demand area (0.89324 - 0.89374). (+2)
✅ Possible Buy Setup on Momentum Shift - If price shows bullish rejection, a reversal is possible. (+1)
✅ Weekly Trendline Support Nearby - Long-term trendline acting as support. (+1)

🔹 Total Bullish Score: 4

📰 Sources:
Support & Reversal Patterns - RoboForex

📊 Sentiment & Market Factors

📉 Weak AUD Due to RBA Dovish Stance (- Bearish) - RBA hints at potential rate cuts. Source
📈 CAD Supported by Oil Prices (+ Bullish) - Rising oil prices strengthening CAD. Source
📉 Risk-Off Sentiment Weakening AUD (- Bearish) - Global economic concerns reducing demand for risk assets. Source

📌 Final Bias: Strong Bearish (Score: 6 vs 4)