The price nailed my last idea!

The price perfectly aligned with my latest analysis. It reached the target level as anticipated. AUDCAD is gradually retracing towards the resistance zone and the upward trendline. Overall, the 4-hour timeframe is exhibiting a bearish trend with lower lows and lower closes.

Following a substantial bearish move, the price is now positioned to retest the 50% retracement level of that decline. I expect the market to be rejected at the resistance zone and continue its downward trajectory.

My target support zone is around 0.90700