AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after finishing the correctional wave, AUDUSD is forming a new rising impulse. In the future, the impulse may reach 50.0% and 61.8% fibo at 0.6782 and 0.6809 respectively. After completing the pullback and breaking the low at 0.6671, the price may continue falling towards the post-correctional extension area between 138.2% and 161.8% fibo at 0.6595 and 0.6543 respectively.
In the H1 chart, has completed the correctional decline at 61.8% fibo. The current growth is heading to break the high at 0.6774.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is forming a mid-term rising tendency towards the high at 1.3382. After breaking it, the price may continue the ascending tendency towards the mid-term target, which is 76.0% fibo at 1.3433. The support is 38.2% fibo.
In the H1 chart, the pair continues moving sideways and has already reached 38.2% fibo. In the future, the decline may continue towards 50.0% and 61.8% fibo at 1.3277 and 1.3260 respectively. After breaking the resistance at 1.3348, the price may continue growing.
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.