Article By RoboForex.com
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair skyrocketed and formed several Hanging Man patterns. These patterns are unlikely to result is a reverse, but may force a slight correction before the price resumes growing towards 1.2818.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair reversed and resumed moving upwards. By now, the price has formed a slight correction with several Hammer and Inverted Hammer patterns. These patterns indicate that the instrument may continue growing towards the resistance level at 0.7686.
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.
