Aud/cad. Give me advice for the next 2 hours. Buy,sell or neutral

**Current Analysis**: The AUD/CAD currency pair is showing signs of a potential downward correction, but it's important to consider the broader economic and technical context before making a trading decision.

1. **Economic Indicators**:
- Australia's economic growth is expected to remain subdued due to high inflation and higher interest rates, which could weigh on the Australian Dollar.
- Canada's economic growth is also expected to be soft, but the labor market is showing resilience, which could support the Canadian Dollar.
2. **Interest Rates and Monetary Policy**:
- The Bank of Canada has started a policy-easing cycle, which could lead to a relative strengthening of the Canadian Dollar against the Australian Dollar.
- The Reserve Bank of Australia (RBA) is prioritizing returning inflation to its target range, and its policy rate is currently high, suggesting a restrictive stance that could limit the impact of any potential rate cuts on the AUD.
3. **Technical Analysis**:
- The AUD/CAD pair is testing the lower boundary of an ascending channel, which could be a point of interest for traders looking for potential support levels.
- The 14-day Relative Strength Index (RSI) is close to the 70 mark, indicating overbought conditions and suggesting a potential downward correction.
4. **Market Sentiment and Outlook**:
- The sentiment is cautious, with expectations of economic recovery in the second half of 2024 in both countries.
- However, risks of slower growth or recessionary pressures exist, particularly in Canada due to high debt levels and stagnant productivity.

**Recommendation for the Next 2 Hours**:

1. **Neutral Approach**: Given the mixed signals and the potential for a downward correction in the short term, a neutral approach could be appropriate for the next 2 hours.
2. **Considerations for a Trade**: If you're inclined to trade, you might consider selling the AUD/CAD pair if you're confident in the potential downward correction, especially if the pair breaks below the current support levels. However, be cautious of the risks and ensure you have a clear risk management strategy in place.

In conclusion, the current landscape suggests a cautious approach, and the decision to buy, sell, or hold should be based on your individual risk tolerance, investment goals, and the willingness to withstand potential market fluctuations.