USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading near the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form another correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still trading close to the resistance level and forming Hanging Man, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may start a new decline.
