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AUDCAD - Bearish Rejection Zone

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Hello Trading Fam! 👋

Recently, price pushed upward and is now testing the upper resistance zone of the channel again. This area has already rejected price before, so it is an important level to watch.

The highlighted zone is where traders may look for short (sell) opportunities, but only if there is confirmation such as bearish candles, rejection wicks, or lower timeframe weakness.

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