USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after finishing a slight ascending movement, USDCAD has returned to the support level and right now continues forming Hammer and Inverted Hammer reversal patterns. At the moment, it may be assumed that these candlesticks may force a new correction, after which the instrument may break the support level.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still forming a lot of Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that these candlesticks indicate that the instrument may be corrected and then continue falling.
RoboForex Analytical Department