NZD/USD, “New Zealand Dollar vs US Dollar”
At the H4 chart of NZD USD, we can see slight corrections within the downtrend, at the tops of which the price is forming reversal patterns, such as Engulfing, Doji, and Shooting Star. The downside target is at the support level at 0.7272.
EUR/USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price reached new highs and stopped; it completed Harami, Engulfing, and Doji patterns, which indicate that the ascending movement finished. Later, the price fell a bit, formed Hammer pattern, and then started a new correction. After the correction, the price may fall to reach the target at the support level at 1.1661.
RoboForex Analytical Department