AUDCAD showing bullish pressure, potential for further bounce

AUDCAD is facing bullish pressure from the ascending trendline support. Prices are taking support from 1st support which coincides with 50% fibonacci extension and 61.8% fibonacci extension. Prices might bounce and reach 1st resistance which is in line with 161.8% extension. If prices fall through, it might reach 2nd support which is in line with -68% and 161.8% fibonacci retracement.