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AUD/CAD H4 Timeframe

Based on the AUD/CAD chart on the H4 timeframe, the current price movement shows that the market is in a recovery phase after previously experiencing fairly strong selling pressure from the peak area around 0.9935. That decline pushed the price down to near the 0.9762 area before a fairly solid buying response emerged. In the last few sessions it can be seen that buyers have started to gradually push the price back up until it is once again traded around 0.9825. Although this rise has not yet been able to change the overall trend structure to bullish, the movement indicates that bearish pressure is starting to ease and the market is trying to build new momentum to test higher resistance areas. From the perspective of the Moving Average indicator, the relationship between the 100 MA and 200 MA shows that the market is still in a transition phase. The 100 MA, shown by the blue line, previously moved below the 200 MA after a fairly sharp price weakening. However, in the latest development, price has managed to move back above the 100 MA, indicating an increase in short‑term buying momentum. Meanwhile, the 200 MA, displayed with the red line, is still moving relatively flat to slightly downward and is currently positioned slightly above price. This condition indicates that the medium‑term trend has not fully turned bullish. As long as price remains below the 200 MA, that area will function as a fairly strong dynamic resistance. Therefore, the ability of price to break and hold above the 200 MA will be one of the main factors determining whether the current recovery can develop into a more sustainable uptrend. From the price action side, AUD/CAD movement shows a fairly positive change in character compared to a few weeks ago. After forming a low around 0.9762, price began to create a higher low pattern, indicating that buyers are starting to be willing to accumulate at higher levels. In addition, the ongoing rise is also accompanied by the formation of relatively consistent bullish candles. This shows that buying pressure is starting to dominate in the short term. Even so, the pace of the rise began to slow when price approached the 0.9825 area, which is also near the position of the 200 MA. This condition indicates that sellers are still actively defending the resistance area, so the potential for consolidation or a short‑term correction still needs to be considered before price determines its next direction. The nearest horizontal support area is at the 0.9802 level. This level is important because it previously acted as a minor resistance that was successfully broken when price began its recovery phase. Based on the principle of support and resistance role reversal, that area now has the potential to become new support if a correction occurs. As long as price is able to hold above 0.9802, the short‑term bullish structure remains intact. The next support is in the 0.9762 area, which is the key low in the current price structure. That level is a major support that previously managed to stop selling pressure. If price falls back and breaks that area, the chances of the bearish trend continuing will increase again with a target toward the next support around 0.9742. On the resistance side, the 0.9825 area is the initial barrier currently being tested by price. In addition to being a horizontal resistance, this level is also close to the position of the 200 MA, giving it fairly strong technical significance. A valid breakout above this area will be an early signal that buyers are starting to gain stronger control. After this resistance is broken, the next upside target is at the 0.9872 level. This area is a resistance that has previously acted several times as a turning point for price, so it has the potential to trigger new selling pressure. If bullish momentum continues and price manages to break 0.9872, the chance of a rise toward the next resistance around 0.9918 will open further. That level is a major resistance that previously acted as a distribution area before AUD/CAD experienced a sharp decline. Above it there is still an important resistance in the 0.9954 area, which becomes the next target if the bullish trend gains stronger confirmation. Price interaction with the two moving averages will be the main focus in the next few trading sessions. Price having managed to move above the 100 MA indicates that short‑term momentum is starting to turn positive. However, as long as the 100 MA is still below the 200 MA and price has not been able to break the 200 MA consistently, the trend change cannot be considered complete. If price manages to hold above the 200 MA and the 100 MA starts to slope upward until it forms a golden cross against the 200 MA, the bullish signal will become much stronger. Conversely, if price again fails to break through the 200 MA and falls below the 0.9802 support, the current rise could potentially be only a technical rebound within a larger bearish trend. Current market momentum also shows increasing optimism from the buyers’ side. The rise is occurring gradually with relatively controlled volatility, indicating that the accumulation process is still ongoing. However, because price is near fairly strong dynamic and horizontal resistance, the possibility of short‑term profit‑taking still needs to be anticipated. Price reaction in that area will determine whether AUD/CAD can continue its recovery or instead re‑enter a consolidation phase. Overall, the technical analysis of AUD/CAD on the H4 timeframe shows that this currency pair is in a recovery phase after previously experiencing fairly dominant bearish pressure. Price has managed to move above the 100 MA, but is still facing the 200 MA as an important dynamic resistance. The main supports are in the 0.9802 and 0.9762 areas, while the resistances to watch are at 0.9825, 0.9872, and 0.9918. As long as price can hold above the nearest support and successfully break the 200 MA and the horizontal resistance at 0.9825, the chances of a rise toward the next resistance areas will open further. Conversely, if price fails to maintain bullish momentum and moves back below the main supports, selling pressure could again dominate, so market participants need to closely monitor price developments around these technical levels as a reference for determining the direction of AUD/CAD movement in the next few trading sessions.