AUD/CAD 4H Chart: Rising Wedge

Accordingly, there is a growing probability that the lower boundary of the pattern, namely the up-trend support line at 0.9932, is likely to give in to the selling pressure eventually, which could lead to a precipitous decline, potentially down to 0.94. However, neither technical indicators, nor market sentiment (57% of open positions are long), do not support a bearish outlook at the moment.