Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, the descending tendency continues. Right now, after forming several reversal patterns, such as Harami, close to the support area, USDCAD is expected to reverse and correct towards 1.3120. After testing the resistance area, the instrument may resume moving downwards with the target at 1.2900.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after breaking the descending channel’s upside border, AUDUSD continues moving upwards. By now, the pair has formed several reversal patterns, including Harami, not far from the resistance level. Possibly, the asset may reverse and correct towards 0.7240. After finishing the pullback, the asset may resume growing. In this case, the target will be at 0.7375.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
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.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the asset continues forming the ascending impulse. After forming several reversal patterns, such as Harami, not far from the horizontal resistance level, USDCHF is expected to reverse and form a slight correction, which may be followed by further growth. In this case, the next upside target may be the channel’s upside border at 0.9175. Later, the market may rebound from the resistance area and resume falling. If it happens, the downside target will be the support level at 0.9040.
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.
- COT Metals Charts: Speculator Bets led by Silver, Gold & Platinum Mar 7, 2026
- COT Bonds Charts: Speculator Bets led by 10-Year Bonds & Fed Funds Mar 7, 2026
- COT Energy Charts: Speculator Bets led by Brent Oil & Heating Oil Mar 7, 2026
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Mar 7, 2026
- Investors run to safe-haven assets amid Middle East escalation Mar 6, 2026
- EUR/USD Under Pressure: Middle East Risks Outweigh All Else Mar 6, 2026
- Bitcoin shows resilience to Middle East events. Oil market stabilizes Mar 5, 2026
- GBP/USD: Market Not Expecting BoE Rate Cut in March Mar 5, 2026
- Brent headed for $100? Mar 4, 2026
- Global stock indices continue sell-off due to Middle East conflict Mar 4, 2026
