Japanese Candlesticks Analysis 14.12.2017 (USD/CAD, AUD/USD)
14.12.2017
USD CAD, “US Dollar vs Canadian Dollar”
After reaching the resistance level once again, the USD/CAD pair has formed several reversal patterns, including Engulfing, which may indicate that the instrument may resume falling.
AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair has skyrocketed towards the resistance level and formed Harami pattern, which may indicate a new correction. The downside target is at 0.7606.
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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.