AUDUSD, “Australian Dollar vs US Dollar”
On H4, the wave of correctional decline is coming to an end, almost reaching 61.8% Fibo (0.7130). The aim of further growth is 76.0% (0.7504). Waiting for a reversal or a deep pullback, have a look at the divergence. While the key support is now at 50.0% (0.6822), after the growth to 76.0% (0.7504), the support will move to 61.8% Fibo (0.7130).
On H1, the wave of decline after a divergence reached 76.0% Fibo. However, after a convergence on the MACD, the new impulse of growth reached 38.2% of the preceding decline. Next, the quotations may go on growing to 50.0% (0.7303), 61.8% (0.7329), and 76.0% (0.7361), but the main goal will be the high of 0.7414.
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the market is developing correctional growth after a convergence. The last impulse of growth came close to 38.2% (1.3270) but the quotations pushed off it and started falling. After a short pullback, we should expect new growth to 50.0% (1.3361) and 61.8% (1.3439) Fibo. The support is at the fractal low of 1.2994.
On H1, USDCAD is pulling back after an impulse of growth. The quotations are aiming at 61.8% (1.3126) and 76.0% (1.3095). However, if the quotations break through 1.3044, they may fall to the fractal support. The resistance is at the high of 1.3259.
