We should see a shorts opportunity upon market open as AUDCAD retraces it's previous bullish movements.
I've highlighted key support areas which we can watch for good entry points for longs.
With the US economy really starting to see the effects of COVID-19 with unemployment up, inflation, we should see a weakened USD compared to those safe havens within the next week. Looking for possible higher entry point but one to keep an eye on.
Opportunity for shorts on GBPUSD.
Mass resistance shown previously at those previous taps, and heavy price consolidation on lower timeframes recently.
Keep those SL's tight and if we see breakthrough of this area we will be looking at longs.