USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is moving close to the “overbought area”. In this case, the price may fix below 8/8 and resume falling to reach the support at 5/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has broken the downtrend line; right now, it is consolidating. In this case, the pair may rebound from 3/8 and resume growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue falling towards the support at 2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
