Article By RoboForex.com
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart of AUD USD, we can see slight corrections within the downtrend, at the tops of which the price is forming reversal patterns, such as Engulfing, Shooting Star, and Harami. These patterns confirm that the pullback is over and the instrument may continue moving downwards. The downside target is at the support level at 0.7828.
GBP USD, “Great Britain Pound vs. US Dollar”
The British Pound started weakening against the USD. As we can see at the H4 chart, the trend is reversing. The pair continues forming Engulfing and Hanging Man reversal patterns, which means that may continue moving downwards. The downside target is the support level at 1.2930.
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.
