Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GBPCAD has been consolidating
On H4 of GBPCAD, the pair has been trading sideways. It gives traders an opportunity to wait and enter the market at good levels. If the pair breaks above 1.6028, we can anticipate a further rise towards 1.6061. Otherwise, if the support at 1.5968 is broken, the pair will move down. The short may be anticipated at the level of 1.5926. The target will be placed at 1.5886.
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AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.
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