USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still trading near the support level; it has completed another pullback and formed several Long-Legged Doji and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form another correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has rebounded from the resistance level and formed Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may start a new decline.
