AUDCAD is showing a head and shoulders on the 3hr timeframe and is bouncing in a bearish channel also touching the neckline of the head and shoulders. uptrend had come to an end and price failed to break the highest high of the previous uptrend and made a lower low. sell targets could be placed either at the bottom of the last low or touching the trendline(depends on your preference and strategy).
AUDCAD
AUDCAD