AUD/USD
On H4, the AUDUSD is forming an ascending trend after converging. The nearest uptrend targets are 23.6% (0.7333) and 38.2% (0.7487), with the low at 0.7085 being the current support.
On H1, the AUD/USD reached the post correctional extension at 138.2% to 161.8% Fibo, or 0.7262-0.7284. With a divergence forming, the price may pull back after hitting 0.7333.
USD/CAD
On H4, the USDCAD is making a new downmove; this may be a long term downtrend, with the targets at 50.0% (1.2815) and 61.8% (1.2680).
On H1, the USDCAD is downtrending to 50.0% (1.2815). Besides, convergence is forming, which may lead to a pullback after the downtrend target has been reached.
