We have reached a possible bounce area. It is not clear which pair, AUDUSD or USDCAD, would be leading pair for this cross as both of them are looking a bit heavy (especially Aussie) but nevertheless, one should not rule out a possible move higher current area.
However, don't forget that the trend is clearly down so the conservative approach here would we to wait until we reach resistance.
However, don't forget that the trend is clearly down so the conservative approach here would we to wait until we reach resistance.