AUD/CAD Bullish Reversal Setup

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📈 AUD/CAD Bullish Reversal Setup 🚀
🔍 Market Overview

AUD/CAD is currently testing a key support and BOS (Break of Structure) zone around 0.9800 after a strong bearish pullback from the recent highs.

📊 Technical Analysis

✅ Price has returned to a previously broken structure, creating a potential retest opportunity.

✅ The marked support zone aligns with recent market structure and may attract buyers.

✅ A short-term liquidity sweep into the discount area could occur before the next bullish leg.

✅ The overall higher-timeframe structure remains constructive as long as price holds above the invalidation zone.

🎯 Bullish Scenario
Entry Zone: 0.9800 – 0.9780
Invalidation: Below 0.9763
Upside Target: 0.9885 – 0.9890
Extended Target: Retest of the recent swing highs near 0.9957
⚠️ Risk Factors

A clean break and close below 0.9763 would weaken the bullish outlook and could expose lower support levels.

💡 Trading Idea

Patience is key here. Watch for bullish confirmation such as a rejection candle, higher low formation, or bullish market structure shift before considering long exposure.

📌 Bias: Bullish
🚀 Setup Type: Support Retest + BOS Reclaim
🎯 Risk/Reward: Favorable if support holds

⚠️ For educational purposes only. Not financial advice.

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