AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair is trading inside the “overbought zone”. The price is expected to test the 1/8 level, rebound from it, and then resume falling towards the 7/8 one.
At the H1 chart, the pair may yet move upwards. However, it will be possible only if the price breaks the 6/8 level. In this case, the main target will be the resistance at the 8/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at the H4 chart, the NZD/USD pair has broken its consolidation channel and fixed above the 5/8 level. Later, the price is expected to continue growing towards the 7/8 one. Still, there is a possibility that the instrument may yet test the 5/8 level again.
At the H1 chart, the pair is trading near the “overbought zone”. If the price fails to break the resistance at the 8/8 level, the instrument may start a new decline with the target at the 5/8 one.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 0.7110.
RoboForex Analytical Department
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.