USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, Shooting Star and Hanging Man patterns formed at the top of the ascending movement made the USD/CAD pair reverse and reach the support level. Right now, the price is forming several reversal patterns, which probably won’t be confirmed. In this case, after a slight pullback, the instrument is expected to continue falling.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, after completing the long descending channel, the AUD/USD formed Engulfing, Hammer, and Inverted Hammer patterns, which indicate a trend reverse. The price also finished Long-Legged Doji and Hanging Man patterns, which may result in a slight correction and a new growth after that.
RoboForex Analytical Department