USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading sideways. Right now, the price is testing the resistance level and forming Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may rebound from the resistance level and resume trading to the downside.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still moving upwards and forming Doji, Hammer, and Inverted Hammer reversal patterns during corrections. Right now, the price is being corrected once again. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume trading upwards.
