AUD/CAD – 2H – SELL

The AUD/CAD 2H signal set is heavily bearish, with a cluster of overlapping signals including a Trendline Break Up, Trendline Retreat Down, Double Bottom and its Retreat Down, Ascending Triangle, BOP Zero Cross Down, STOCHF KD Cross Down, and HT PHASOR Inphase Cross Down. Together, these indicate that the recent bullish momentum has been rejected, and price is likely to resume the broader downtrend. The presence of both a double bottom and an ascending triangle suggests that the prior bullish structure has failed, and the retreat signals confirm that the move has stalled. The bearish momentum is supported by the 15m timeframe, which shows a solid downtrend, and the 1d timeframe, which is also bearish, though choppy.

Across higher timeframes, the picture is mixed, with the 30m, 2h, 4h, 8h, and 12h all showing bullish bias, but with weak trend scores (1-2/5), indicating that these are not strong directional moves. The 2H signal is a bearish reversal attempt within a larger bullish correction, and the confluence of bearish signals on the 2H chart suggests that the correction may be ending. Key levels to watch are the nearest resistance at 0.99775, which must hold for the bearish case, and the nearest support at 0.99005, which if broken would confirm the downtrend. A break above resistance would invalidate the signal, while a break below support would open the door for further downside.