Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD continues updating its lows and forming reversal patterns. By now, the pair has completed another pullback after finishing an Inverted Hammer pattern. Taking into account a stable descending tendency, the price is not expected to correct towards 1.3350. Most likely, the asset will continue trading downwards to update the lows again. In this case, the downside target is at 1.3165.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the uptrend continues. By now, AUDUSD has formed a Harami pattern; at the moment, the pair is reversing. The downside target may be the rising channel’s downside border at 0.7133. Later, the price may rebound from the support level and resume the rising tendency. In this case, the upside target will be at 0.7235. At the same time, one shouldn’t exclude another scenario, which implies that the instrument may continue growing without correcting towards the support area.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the pair keeps testing the support area. At the moment, USDCHF is reversing after forming an Engulfing pattern. The downside target is at 0.9040. Still, there might be an alternative scenario, according to which the asset may rebound from the support level and correct towards 0.9175.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- WTI oil prices exceeded 107 dollars per barrel. Inflation expectations continue to rise. Apr 30, 2026
- RoboForex Expands CFD Offering with Cryptocurrency Instruments Apr 29, 2026
- WTI oil prices have consolidated at 100 dollars per barrel. Australia is experiencing a sharp inflation spike Apr 29, 2026
- EUR/USD Holds Steady Ahead of Fed Meeting, Focus on Middle East Outlook Apr 29, 2026
- European stock markets continue a prolonged decline. Oil prices continue to rise slowly Apr 28, 2026
- Yen Gains Support Following Bank of Japan Decision Apr 28, 2026
- Brent and WTI remain at extremely high levels, fueling global inflation Apr 27, 2026
- Gold Declines Amid Geopolitics, with Optimism Limited Apr 27, 2026
- COT Metals Charts: Copper leads Metals Speculator Bets Higher Apr 26, 2026
- COT Bonds Charts: Speculator Bets led by 5-Year Bonds & Ultra 10-Year Bonds Apr 26, 2026
