AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD may is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 one.
As we can see in the H1 chart, the pair may test the resistance at the 8/8, rebound from t, and then resume moving downwards to reach the support at the 3/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD may is expected to rebound from the resistance at the 8/8 level and then resume falling towards the support at the 6/8 one.
As we can see in the H1 chart, the pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks this level, the instrument may resume moving downwards to reach the first target at the 5/8 one. The main downside target is at 0/8 level.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
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.