AUDCAD is in heavy downtrend. Short position could be taken after the retracement which could happen around 1.0100, but we need to take into account that L3 might also give additional chances for a short entry towards 1.0000. This could be a broken inner trendline retest so fresh short positions should kick in at POC (1.0090-1.0100 ). AUD pairs are very correlated and picking the right price should happen after the retracement.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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