SELL AUDCAD – 0.96435

The trade is based on a confluence of technical and fundamental factors. On the H4 chart the pair formed an Asian false break to the upside followed by a clear London session reversal at a key structural resistance, generating a sell sweep with strong volume. On‑balance volume shows divergence, signalling weakening buying pressure despite the price move. The stop is placed just above the recent swing high, respecting market structure. Fundamentally, the Reserve Bank of Australia’s minutes suggest a bias toward a 25‑bp rate hike, increasing the AUD’s downside risk, while the USD remains firm on softer US CPI and Fed minutes, and the CAD is supported by steady oil prices. This combination creates a bearish bias for AUDCAD, justifying a short entry with tiered profit targets.