"Analyzing Potential Moves: #AUDCAD Resistance Breakout Strategy

4 thg 5#AUDCAD is presently attempting to breach its resistance area, indicating a potential decline from this level. Traders may consider selling upon the emergence of a substantial red candle within this zone. Conversely, upon the occurrence of a daily or H4 bullish candle closing above the resistance level of 0.90717, we anticipate a notable upward movement of 100-150 pips.