10.10.2019

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.