AUD/CAD - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Broken Trendline & Support - Downtrend confirmed with multiple support breaks. (+2)
✅ Fair Value Gap (FVG) Resistance at 0.89998 - Price may struggle to break through. (+2)
✅ Potential Lower High (LH) Formation - If price rejects FVG, further downside likely. (+1)
✅ Possible 4HR Trendline Breakdown - Could accelerate selling momentum. (+1)

🔻 Total Bearish Score: 6

📰 Sources:

Trendline Break & Bearish Market Outlook - XTB
FVG & Resistance Levels - IFC Markets

📈 Bullish Bias

✅ 4HR Trendline Support Holding - If respected, a reversal could form. (+2)
✅ Fib Retracement Zone (0.382 - 0.618) at 0.90028 - 0.90345 - Price may recover to these levels. (+2)
✅ Trade Set-Up 2 Suggests a Higher Low Formation - Could indicate early bullish momentum. (+1)

🔹 Total Bullish Score: 5

📰 Sources:

Fibonacci & Trendline Strength - RoboForex
Bullish Market Reversal Possibilities - Bloomberg

📊 Sentiment & Market Factors

📉 Weak AUD Due to RBA Policy Uncertainty (- Bearish) - RBA rate outlook remains dovish. Source
📈 CAD Supported by Rising Oil Prices (+ Bullish) - Strengthening CAD fundamentals. Source
📉 Bearish Momentum & Market Structure (- Bearish) - Lower highs still dominant. Source

📌 Final Bias: Slightly Bearish (Score: 6 vs 5)