XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the sideways tendency continues. After finishing a Hammer pattern not far from the support level, XAUUSD may reverse and start a new growth towards 2000.00. At the same time, an opposite scenario implies that the price may fall with the target at 1905.00.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, the correction within the downtrend continues. After forming several reversal patterns, such as Shooting Star, close to the resistance level, NZDUSD has started reversing. At the moment, the price is expected to resume falling inside the descending channel. In this case, the downside target may be the support area at 0.6485.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the pair is moving within the ascending tendency. After forming several reversal patterns, such as Hanging Man, close to the resistance level, GBPUSD may reverse and form a slight correction and then resume growing. In this case, the upside target is at 1.3300. However, there might be another scenario, according to which the price may start a new decline towards 1.3090.
