USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, the rising tendency continues; right now, the asset is testing the channel’s downside border. Later, the market may rebound from the border and resume trading upwards to reach the resistance level. In this case, the upside target may be at 1.3250. However, an alternative scenario implies that the instrument may fall and return to 1.3080.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the uptrend continues. Right now, the pair is expected to form a reversal pattern close to the resistance area and then form a new correction. In this case, the correctional target may be the support area at 0.7220. Later, the price may rebound from the area and resume growing to reach the resistance area at 0.7390.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, the downtrend continues. Right now, the pair is correcting not far from the support area. If the price breaks the area, it may continue falling towards the channel’s downside border at 0.9010. Still, there might be an alternative scenario, according to which the asset may grow towards 0.9125 before resuming the downtrend.
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.