Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the ascending tendency continues. After forming several reversal patterns, such as Shooting Star, close to the resistance level, XAUUSD may reverse and start a new pullback towards the support area. In this case, the correctional target may be at 1710.50. At the same time, an opposite scenario implies that the price may continue growing to reach 1745.00 without testing the support level.
NZDUSD, “New Zealand vs US Dollar”
As we can see in the H4 chart, the pair is still moving sideways. By now, NZDUSD has formed several reversal patterns, such as Engulfing, close to the resistance level. The next downside target may be at 0.6950. Later, the price may test the support area, break it, and continue moving downwards. However, an alternative scenario implies that the price may grow towards 0.7070 before resuming its decline.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly 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.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the asset is forming another correction within the descending tendency. By now, GBPUSD has formed several reversal patterns, such as Hammer, not far from the support area. At the moment, the pair may reverse and resume growing. In this case, the upside target may be at 1.3795. After that, the instrument may rebound from the resistance area and resume the descending tendency. Still, there might be an alternative scenario, according to which the asset may continue falling towards 1.3650 without testing the resistance area.
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.
- USD/JPY Continues Its Climb: Is There a Limit? Jun 11, 2026
- Investors launched broad profit‑taking in the technology sector. The Bank of Canada kept its rate at 2.25% Jun 11, 2026
- Gold (XAU/USD) Faces Persistent Selling Pressure Jun 10, 2026
- The US technology sector once again came under a wave of selling Jun 10, 2026
- China has shifted to using its own strategic oil reserves Jun 9, 2026
- GBP/USD Remains Under Pressure Despite Attempts to Recover Jun 9, 2026
- SpaceX IPO: Set for $75 billion liftoff Jun 8, 2026
- On Friday, the American stock market experienced one of the strongest crashes in recent times Jun 8, 2026
- EUR/USD at April Lows: What’s Next for the Pair? Jun 8, 2026
- The ceasefire between Israel and Lebanon has reduced the geopolitical premium Jun 5, 2026
