AUDCAD has been moving very correctively on the H4 timeframe and is starting lose its overall bullish momentum and a bearish reversal is on the cards now. We are currently at a daily level of resistance and if we start to see strong bearish price action coming into the market we could see a move lower as price finds support to continue in its bullish trend. If we do see a move to this level we could then see price continue in its uptrend and we could get a longer move back to the highs that we were trading at previously during the middle of September.