USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is consolidating close to the 5/8 level. Right now, the price is expected to fall towards the 4/8 level.
At the H1 chart, the pair is trading below the 2/8 level and may continue moving downwards to reach the support at the 0/8 one. However, if the price breaks the 2/8 level, the instrument may test the 3/8 one.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards to reach 112.50.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair has reached the target at the support at the 0/8 level, just as expected. At the moment, the price is expected to test the -1/8 level.
At the H1 chart, the price is trading inside the “oversold zone”. The pair is expected to test the -2/8 level. However, if the instrument breaks the 0/8 level, it may resume growing to reach the resistance at the 3/8 one.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling.
RoboForex Analytical Department