AUDCAD - 240 - Wait for the exit

Quick idea.

After finding some decent support near the 0.8896 hurdle, AUDCAD moved back up, closer to the 200 EMA on the 4-hour chart. The rate is currently getting a hold-up around there. We need a clear break through one of the highlighted areas first, before we could examine a further directional move.

Please see the chart for details.

Don't forget your stop-loss.