USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair is still moving upwards. The price has formed Shooting Star and Harami patterns at the top. Taking into account previous reversal patterns that weren’t confirmed, we may assume that these patterns are unlikely to result in a reverse and the price may continue growing.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair reached the support level and formed several Hammer and Inverted Hammer patterns in a row. These patterns indicate that the instrument may resume growing towards the resistance level at 0.7624.
RoboForex Analytical Department