USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading sideways below the resistance level and forming Engulfing, Hanging Man, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after testing the resistance level the instrument may continue its ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still testing the resistance level and forming Engulfing, Doji, and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.
