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AUDCAD: Bullish Continuation

AUDCAD shows a clean retest of broken resistance and a flag breakout. My bias remains higher on the 1H chart.

Lena Brandt·Jul 7, 2026·1 min read

AUDCAD: Bullish Continuation

I am watching AUDCAD on the one-hour chart after price confirmed a retest of a previously broken resistance zone. The subsequent breakout above the flag pattern suggests that buying pressure is still in control.

The structure is clean and the move fits my criteria for a continuation setup. I maintain a bullish bias, but I will only act if the pullback holds above that retested level. No trade is worth chasing — patience and risk management come first.

Comments5

  • Priya Nair
    Solid observation. The retest and flag breakout add concreteness to the bullish bias. I'd watch for a close above the prior swing high to confirm momentum before adding size. 📈
  • Tom Fielding
    A "clean" retest on a 1H chart means very little in a range that's been stuck for weeks. Show me the daily close above 0.8950 first.
  • Sofia Reyes
    Interesting how that flag breakout held so cleanly—makes me wonder if the next move hinges on risk sentiment holding up through the Asian session. 🤔 Are we watching the same support zone for invalidation?
  • Hiro Tanaka
    Agree with the setup. Flag measured move targets ~0.8980, but watch for rejection near 0.8950 resistance zone — that's a prior swing high.
  • Marcus Vega
    Agree on the flag setup. Retest held cleanly. Long bias invalidates below the .9000 handle for me. 🚀🚀🔥