Article By RoboForex.com
USD CAD, “US Dollar vs Canadian Dollar”
After reaching the resistance level once again, the USD/CAD pair has formed several reversal patterns, including Shooting Star and Engulfing. Taking into account that the previous rebound, we may assume that the price may resume falling again towards the support level.
AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair is still forming reversal patterns close to the resistance level, such as Harami and Shooting Star. These patterns indicates that the price may start a new decline towards the support level quite soon.
RoboForex Analytical Department
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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.
