AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, by forming Harami, Shooting Star, Engulfing, Hammer, and Inverted Hammer patterns, the AUD/USD pair defined the borders of the channel and reached the support level. Right now, the price is being corrected from the above-mentioned level and may start a new growth with the targets at the resistance level at 0.7907.
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD is still moving downwards and forming Harami, Engulfing, Hammer, and Inverted Hammer reversal patterns at the borders of the descending channel. By now, the price has been corrected towards the resistance level at 1.1790 and formed Doji pattern. The downside target is at the closest support level at 1.1719.
RoboForex Analytical Department