On the AUDCAD I'm looking to enter short based on this price movement. We have a nice impulsive move, that dropped 65 pips in 22 bars. The retracement is 41 pips in 62 bars. This all indicates that the bears are in control.
We also had a nice rejection off of the 61.8% .
Target 1: 1.01925
Target 2: 1.01750
Good luck traders!