At the moment, the currency pair AUD/CAD continues to move within a descending channel, indicating that sellers are in control. After an attempt to stay above the level of 0.9855, a pullback has started. I expect the price of the currency pair to move in the range of 0.9840 to 0.98 in the near future. Currently, the level of 0.98 is the closest support, and if the price manages to break below this level, it could signal a movement towards 0.9770, although a pullback is also possible. It is important to note that the price is currently above this point, with a bearish movement being the priority.
