AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, after falling and breaking the support level, the AUD/USD pair formed a slight correction with Hammer reversal pattern at its top. This candlestick indicates that the price might have probably completed the correction and may continue falling to reach the resistance level.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, while forming the descending channel, the USD/CAD pair has finished another correction and reached the resistance level. Shooting Star pattern indicates that the current movement is complete. After rebounding from the level, the price may fall to reach its downside target at the support level at 1.2677.
RoboForex Analytical Department