AUD/CAD – Bullish Reversal Structure Forming
Price is reacting from channel support while forming a potential inverse head & shoulders on H1-H4 TF.
The right shoulder is developing above a major SR Level, showing buyers are beginning to defend structure - if broken i expect a strong rally to the next liquidity zone.
📝 Key confluences:
🔺 Bullish RSI recovery from oversold conditions
🔺 MA support attempting to flip bullish
🔺 Higher low formation inside ascending channel after bounce off from channel support
🔺 H4 SR acting as pivot zone
If neckline resistance breaks cleanly, price could expand toward:
◘ 0.9960 liquidity zone
◘ 1.0005 weekly resistance
📈 Bias remains cautiously bullish while price holds above the head structure. Failure to maintain higher lows invalidates the setup.
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