The AUDCAD has reached a major resistance level . If trend is rejected here this will be a great setup for a sell. The Stochastic Oscillator and the RSI (14) are on the over bought zone. Both indicators and the Parabolic Sar on H1 are already confirming a downward movement.
@Khosa Thanks for the analysis. You meant "short" then and not "long" as your prediction?
@mlepper, Yes sorry, I meant short.