AUD/USD
On H4, the ascending trend on AUDUSD has stopped for a while. 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 is forming a correctional downtrend after the divergence. The correction reached 38.2% Fibo and may reach 50.0% (0.7200), 61.8% (0.7173), and 76.0% (0.7140).
USD/CAD
On H4, the USDCAD is uptrending after pulling back to 38.2% Fibo. The rising impulse is pushing the price back to 23.6% Fibo (1.3117). The major target of this rise is however the high at $1.3386. The downtrend may yet continue, with the targets at 50.00% and 61.80% Fibo (1.2818 and 1.2683, respectively).
On H1, the USDCAD is uptrending towards 1.3117.
