AudCad- drop of 250+ pips to follow?

7 Des 2020

For the past 6 months or so, AudCad traded in a range between 0.97 and 0.93 (more or less). Now the pair just made the first leg down from the top of the range and I expect this drop to continue.
Sell rallies is my strategy and 0.9520-0.9550 should provide a good sell zone.
My outlook is bearish as long as the pair is under 0.9650 on a daily close bases