USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after forming a Harami reversal pattern close to the resistance level, USDCAD is reversing in the form of another pullback. In this case, the downside correctional target may be the support area at 1.2685. However, an alternative scenario implies that the asset may continue growing to reach 1.2850 without testing the support area and forming any corrections.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has formed several reversal patterns, such as Hammer, near the channel’s downside border. At the moment, the asset may reverse in the form of another correctional impulse. In this case, the upside correctional target may be the resistance area at 0.7220. At the same time, an opposite scenario implies that the price may continue falling to reach 0.7060 without testing the resistance area.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, after testing the support area, the pair has formed several reversal patterns, for example, Inverted Hammer. At the moment, USDCHF is reversing in the form of a new correctional wave towards the resistance level. In this case, the upside correctional target may be at 0.9245. Still, there might be an alternative scenario, according to which the asset may continue falling to reach 0.9130 without testing the resistance level.
