USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair skyrocketed and formed several Hanging Man patterns. These patterns are unlikely to result is a reverse, but may force a slight correction before the price resumes growing towards 1.2818.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair reversed and resumed moving upwards. By now, the price has formed a slight correction with several Hammer and Inverted Hammer patterns. These patterns indicate that the instrument may continue growing towards the resistance level at 0.7686.
RoboForex Analytical Department