USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has reached another support level and formed several Hammer, Engulfing, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form one more correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has formed Shooting Star, Harami, and Doji reversal patterns; right now, it is being corrected from the resistance level. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may start a new growth.
