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AUD/CAD at the Cusp of a Bullish Continuation Signal

AUD/CAD has been consolidating roughly between 1.0040 and 1.0100 since the beginning of last week. Today, price action is showing a bullish continuation attempt as it pushes above 1.0100 and is clearing the 200-, 100-, and 50-period simple moving averages in the 4H chart.

AUD/CAD 4H Chart 7/22

(click to enlarge)

Note in the 4H chart that this consolidation in the past week followed a bullish breakout. So a break above the consolidation will confirm reversal of a bearish swing from 1.0242 to 0.9937. 

The bullish continuation in the 4H chart could trigger a larger bullish continuation scenario. However, looking at the daily chart, there is a falling channel resistance that needs to be broken to liberate AUD/CAD from its correction patter since April.
AUD/CAD Daily Chart 7/22

(click to enlarge)

It looks like the falling channel resistance will be around the 1.0150 area, which would also be where the 100-day SMA resides. 

Notice that the market has held above the 200-day SMA, which retains some bullish bias despite losing the bullish momentum during the 3-4 month consolidation. The structure of the rally versus the decline suggests the primary trend is bullish, and the bearish trend is secondary. 

Will the 4H bullish breakout translate to a breakout in the daily chart? If so, the bullish trend can re-emerge with focus toward the 1.0350 high on the year.