Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, a convergence on MACD made AUDUSD return to 23.6% fibo; right now, the asset is still testing this level. This movement may be called a local consolidation. In this case, there are two possible scenarios for the asset to choose from. The first one implies a further uptrend towards the high at 0.8007. The second scenario suggests that the pair may break the range to the downside and continue the correction to reach 50.0% and 61.8% fibo at 0.7500 and 0.7380 respectively.
The H1 chart of UADUSD shows that the correctional uptrend is trying to reach 61.8% fibo at 0.7826. if the price breaks this level, it may continue growing towards 76.0% fibo at 0.7893 and then the high. The local support is the low at 0.7532.
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, after finishing the correctional uptrend, USDCAD has formed a strong descending impulse to break the low at 1.2365. Later, the market may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.2255 and 1.2186 respectively. The resistance is the fractal high at 1.2654.
As we can see in the H1 chart, a convergence is making the pair finish the descending wave on its way towards the post-correctional extension area between 138.2% and 161.8% fibo at 1.2255 and 1.2187 respectively. Later, the asset may correct upwards to reach 23.6%, 38.2%, and 50.0% fibo at 1.2360, 1.2416, and 1.2461 respectively.
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: 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
- COT Energy Charts: Weekly Speculator Bets led by Natural Gas Apr 26, 2026
- COT Soft Commodities Charts: SoyOil lead Speculator Bets Apr 26, 2026
- The Middle East conflict is already driving inflation higher across the world Apr 24, 2026
- Gold Falls Nearly 3.0% Over the Week Amid Geopolitical Pressure Apr 24, 2026
- The diplomatic deadlock between the US and Iran is undermining investors’ appetite for risk Apr 23, 2026
- EUR/USD Falls for Third Day as Geopolitics and Strong Dollar Dictate Terms Apr 23, 2026
- Negotiations between the US and Iran have failed. Oil prices are back above 90 dollars per barrel Apr 22, 2026
- USD/JPY Pulls Higher: Yen Doubts Bank of Japan Apr 22, 2026
