AUDCAD             has come into key support and more importantly the bottom of a weekly range. Typically we should see the market bounce from this point. Looking for the market to bounce in this area would be a good idea. However, you must take into account that the daily chart is still printing lower lows and lower highs so targeting key structure lows will be suitable. We can also see a trendline resistance which will prove tricky to break. If it does, we have room to the upside with a key weekly resistance zone that sits central to the range with 38.2 Fibonacci confluence , we could see sellers re-enter the market here as people long in the market may look to take profits at this area.