AUDCAD longAustralian Dollar/Canadian DollarFX:AUDCADElGore18Price holding around higher timeframe range bound support level. Shorter term counter trend channel breakout for entry with a target at recent highs. RBA continues to have a more hawkish stance with economic data supporting the holding of rates. Current downside has been caused by a risk off sentiment which if continued could see the break below the higher tf range.