AUD/CAD – 1H – SELL

The AUD/CAD 1H chart has fired a dense cluster of bearish signals, led by a Trendline Break Down and a Death Cross on the 20/50 EMAs, with momentum oscillators (BOP Zero Cross Down) and trend-following MAs (DEMA, EMA, KAMA, MAMA) all retreating lower. This confluence points to a well-established downtrend on the 1H timeframe, and the bearish momentum is confirmed by lower timeframes: 15m and 30m both show solid bearish trends (3/5), while the 1H and 2H are forming bearish trends (2/5). The alignment across the intraday timeframes strengthens the bearish case, suggesting the current decline is more than a mere pullback.

However, the higher timeframes (4H, 8H, 12H, 1D) are still bullish, albeit choppy and sideways (1/5), which introduces a conflicting backdrop. This means the bearish move is likely a correction within a larger uptrend, and the downside could be limited. Key levels to watch are immediate resistance at 0.99825, which should now act as overhead supply, and nearest support at 0.98997, a critical floor that, if broken, would signal a deeper retracement. Traders should monitor price action around these levels for confirmation or invalidation of the bearish signal.