AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart of AUD USD, after forming Engulfing and Shooting Star patterns, the price completed the correction with Engulfing and Shooting Star reversal patterns at the top of it. The downside target is at the closest support level at 0.7811.
EUR/USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price is constantly forming Doji, Shooting Star, Long-Legged Doji, and Engulfing reversal patterns at the tops. Moreover, each successive top of the pullback is lower than previous one, which means that the price is resuming the downtrend. By now, the pair has completed another correction from the support level with Long-Legged Doji pattern, and then another Long-Legged Doji and Gravestone Doji pattern from the resistance level. The latter patterns indicate that the instrument may try to break the support level again. The downside target at 1.1627.
RoboForex Analytical Department