Technical Analysis of AUDCAD

The price action perfectly aligned with my previous expectation. It reached the target level. AUDCAD formed a lower high and a double bottom pattern. Overall, the trend is currently moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested.

I anticipate the market to rise towards the resistance zone, which has held firm on multiple occasions. There is a possibility of taking liquidity above the psychological level of 0.92000 before a downward move.

My target is the support zone at 0.91590