Long-term view from the weekly chart indicates a bearish trend. Mid-term perspective on the daily chart shows a broken bullish channel, replaced by a bearish one.
Considering fundamental factors: Escalating tensions in the Middle East may increase the chance of the Beijing-Taipei conflict, potentially impacting AUD negatively. Long-term, increased oil prices due to these middle-east tensions may favor CAD. Given these factors, AUD/CAD is more likely to maintain a bearish trend over the long term.