AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart of AUD USD, we can see slight corrections within the downtrend, at the tops of which the price is forming reversal patterns, such as Engulfing, Shooting Star, Harami, and then Shooting Star again. After the correction, the downside target is at the support level at 0.7796.
GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart of GBP USD, the price is falling and at the same time constantly forming reversal patterns, such as Engulfing, Hanging Man, and Shooting Star. Right now, the pair is being corrected again. Later, it is expected to continue falling. The downside target is at the support level at 1.2708.
RoboForex Analytical Department