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USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair continues growing and forming the ascending channel with Long-Legged Doji, Hammer, Doji, Harami, and Engulfing reversal patterns at support and resistance levels to define its borders. After finishing another correction from 1.23500, the pair returned to this level and fixed above it, and formed Engulfing pattern. Later, the instrument is expected to form another correction and then continue growing towards the resistance level at 1.24555.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, after finishing Harami, Engulfing, Hammer, Doji, and Shooting Star patterns, the AUD/USD pair defined the borders of the channel and reached the support level. Harami and Engulfing patterns indicate a new growth towards the resistance level at 0.8070.
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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.