AUD/CAD Next Month Outlook - bearish ranging condition by direction

W1 price is located below 200 period SMA (200-SMA) and below 100 period SMA (100-SMA) for bearish market condition with secondary ranging between 61.8% Fibo resistance level at 0.9519 and Fibo support level at 0.9148:

• the price broke 38.2% Fibo support level at 0.9375 from above to below and stopped near 23.6% Fibo support level at 0.9291;
• descending triangle pattern was formed by the price to be broken from above to below for the bearish trend to be continuing;
  
• RSI indicator is estimating the bearish ranging condition to be continuing.

If the price will break Fibo support level at 0.9148 so the primary bearish trend will be continuing.
If the price will break 61.8% Fibo resistance level at 0.9519 from below to above so we may see the bear market rally.

Trend: