Japanese Candlesticks Analysis 07.07.2017 (AUD/USD, USD/CAD)

07.07.2017

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart of AUD USD, the descending tendency continues. The price formed Engulfing pattern and, as a result, resume moving downwards. The downside target is at the support level at 0.7540.

 

USD/CAD, “US Dollar vs Canadian Dollar”

At the H4 chart of USD CAD, the price got very close to the support level and formed Doji and Engulfing patterns, which indicate that the current tendency may reverse.

 

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