When I see the potential risk/reward of this trade, I see that this trade could be one of the most profitable trade of the year. This kind of trade does not happen often. In every year, there are only a handful of such trades. One such earlier trade was to long USDJPY on 4th April 2013. This trade to short AUDCAD could be another one of those mega trades.
Look at the AUDCAD chart. No major support levels, except 0.9600, at all to the left of the chart. There is so much empty space between 0.8600-0.9900. This means a potential total freefall of about 1300pips! This trade requires patience. This trade is based on the daily chart. It requires the trader to hold the trade for weeks and maybe months.
For AUDCAD to go to 0.8600, it requires USDCAD at 0.9xxx and AUDUSD at 0.8xxx. This is entirely possible looking at the price action.
SHORT AUDCAD 0.9920-50
SL above 1.0000
TP (final) 0.8600