AUDCAD Triangle Formation

AUDCAD having a nice triangle formation on H4. And 200MA is acting as a good indicator of support & resistance levels. 
Till the price is capped within the triangle, I will be on sidelines and waiting for a meaningful break on either side. 200MA will act as a confirmation.

AUDCAD H4

 
Update 2-Oct-12: Post RBA rate cut (major take away [here]), it has broke the triangle to the downside. 200MA has proven a good resistance to break again. Currently price is at 38.2fibo. Next support comes at 23fibo and 11-Sep low of 1.0077.