USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has formed several reversal patterns, including Harami, close to the support level. Right now, the pair is reversing and may continue growing towards 1.3186. However, we shouldn’t ignore another scenario, according to which the instrument may fall to reach 1.3050.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has formed another reversal pattern, Long-Legged Doji, close to the rising channel’s upside border. t the moment, the pair is reversing. Judging by the previous movements, we may assume that the price may reverse and then return to 0.6880. However, we shouldn’t ignore an alternative scenario, which implies that the instrument may resume falling towards 0.6768.
