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Is AUD/CAD Neutralized or Will it Extend its Prevailing Bearish Bias?

From the price action in the early part of August, I suggested that AUD/CAD is shifting away from its bearish trend into a sideways one, and could possibly be developing a bullish outlook.

AUD/CAD Daily Chart 8/31
(click to enlarge)

However, after failing to break above 0.9750, AUD/CAD was unable to open up any bullish outlook. At best it is sideways, and possibly still bearish. The price action in the last couple weeks of August has so far has turned the market slightly bearish, but the 0.9370 support still held. 

AUD/CAD 4H Chart 8/31


(click to enlarge)

Now we should see if AUD/CAD has indeed neutralized the prevailing bearish bias. If 0.9370 holds, and price can climb back up above 0.95, the market will look neutral. Essentially, a break above 0.95 completes a small price bottom, which would suggest that bears were unable to dominate this market.

Now to the upside, since the market has not shown any bullish bias yet, we should keep the outlook limited. Even a push to 0.9750 looks aggressive, so I would settle for a conservative outlook of 0.9675.