USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still trading sideways, testing the resistance level, and forming Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction, the instrument may resume trading upwards.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Harami and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after testing the level, the instrument may continue its growth.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.