Bear seems to take a place as the divergence still remains the same. Today it reached Fib. retrace of 0.5, and it seems that bear still has force to push it down. Upon breaking 0.5, it seems that we are heading more south.
Despite the government funding, it seems that the sales in retails seem to be very low on June 4th. Based on this, more companies would suffer, and second wave covid-19 may bring down the value of Aussie.
Although there was a huge bull spike, it retraced back to its trend. There is BOJ interest rate, I am assuming that CAD would be strong after the announcement. As such, bull would take a place after a retraction around 78.450, which is the entry point.
Upon reaching the support line, need a little confirmation to enter short trading @ 0.60126. First target is the next support T1 and a great chance to go toward T2.
