AUDCAD has just had a -0.91% correction towards the support level of 0.914. When the price had done this previously the pair shot up by 0.97%. As the price fell towards this level there has been some buying activity, indicating that this support level has been respected. The RSI levels also comply with this long idea, as currently on the 4-hr time frame the price is extremely oversold. The target for this trade is at the recent high of 0.922, the stop loss area for this trade is just below the support level at 0.9113.