AUDCAD has recently reversed from the resistance zone, which includes the 0.8860 level. This level previously functioned as support back in August and January. Additionally, it aligns with the 20-day moving average and the 61.8% Fibonacci correction of the downward impulse from March. Traders need to watch this crucial resistance as it could dictate the next movements in AUDCAD. Analyzing technical indicators will be essential for developing sound trading strategies moving forward.