AUDCAD – 0.9740 level will finish the correction?

Since January after two months of uptrend, there is a correction on AUDCAD. Correction reached Fibonacci 38,2% of the last upward movement. Price dynamically rebounded but falls were back quickly and since January 20 there is another downward impulse. It is likely that AUDCAD will form ABC simple correction. Target for falls when A=C is 0.9740. The indicated level is a combination of 3 factors:

1) strong support from 2015,
2) mentioned equation A=C,
3) Fibonacci 50% retracement of last upward movement.
Alternatively break above level 1.0080 will be a signal that current correction may be finished. Nearest supports: 0.9830, 0.9740. Nearest resistances: 1.0080, 1.0160.

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Time-frame H4: