EUR USD, “Euro vs US Dollar”
The EUR/USD pair reached the 6/8 level and may start a new descending correction. On Monday, the price may test the H4 Super Trend. If the market rebounds from it, the pair may resume growing towards the 7/8 level.
The lines at the H4 and H1 charts are completely the same. To complete the local correction, the pair has to fix above the 6/8 level. In this case, the price may test the 7/8 level. If the pair breaks this level, the market may continue moving upwards.
NZD USD, “New Zealand Dollar vs US Dollar”
In case of the NZD/USD pair, Super Trends formed “bullish cross” and the price fixed above the 3/8 level. As a result, in the nearest future the market may continue growing towards the 5/8 level. If later the pair rebounds from this level, it may start a new descending correction.
At the H1 chart, the pair is moving close to the 7/8 level. If the price fixes above this level, the market may resume moving upwards to reach the 2/8 one. After this level is broken, the lines at the chart will be redrawn.
RoboForex Analytical Department