AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart of AUD USD, after falling for a long time, the price has been corrected and formed several reversal patterns, such as Shooting Star, Engulfing, and Gravestone Doji. At the moment, the pair is falling towards the resistance level at 0.78120, which it failed to break before.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart of USD CAD, the price is still falling and forming Engulfing and Shooting Star reversal patterns during pullbacks. Right now, the pair is testing the support level at 1.25240, which it failed to break earlier. After forming another correction, the instrument may break the above-mentioned level and then move downwards to reach 1.24777.
RoboForex Analytical Department