Article By RoboForex.com
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart of AUD USD, the price is moving sideways and forming Engulfing, Harami, and Shooting Star patterns. The reversal patterns formed from the resistance level indicate that the pair may continue moving downwards to reach the support level at 0.7540.
USD/CAD, “US Dollar vs Canadian Dollar”
The USD continues getting weaker against the Canadian Dollar. At the H4 chart, during the pullback the price once again formed Long-Legged Doji reversal patterns. The downside target is the support level at 1.2830.
RoboForex Analytical Department
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Article By RoboForex.com
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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.
