AUDCAD is exhibiting a strong adherence to the supply zone established on the hourly timeframe, suggesting the formation of a potential double top pattern. This pattern indicates a bearish inclination, signaling the likelihood of a corrective leg in the near future. It is essential to monitor the price action closely for confirmation of a significant trend breakout, as this could mark the onset of a potential reversal in the prevailing market direction.
AUDCADchampsmoneyconceptsChart PatternsCMCForexTrend AnalysisWave Analysis

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