AUDUSD potential Breakout and Retest

٤ سبتمبر ٢٠٢٤

AUDCAD has broken and closed below its consolidation zone and is currently testing the resistance level around 0.91200. It seems to be pulling back for a retest at this level. The market is showing lower lows and lower closes, signalling bearish dominance. A break-and-retest scenario is expected, where the price might pull back to test the resistance before potentially continuing downward. This is a key level to monitor, as holding here could confirm the continuation of the bearish trend. The target is the support level at 0.90775

٥ سبتمبر ٢٠٢٤

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Price moved exxactly as expected