Lower high retest of resistance and rejection... Simple, Standard stuff. Yes, I know, I have AUDUSD longs placed - with good reason. AUDUSD is a clear uptrend structure on daily whereas AUDCAD is a downtrend structure on H4. We can infer that CAD is very strong and USD is bearish. If we also examine USDCAD we can see there is a lot of bearish momentum on the daily.