GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair is expected to test the 3/8 level at 1.3061. However, in order to do that, the price has to break the 4/8 level at 1.3183 first. After breaking this level, the pair may fall towards the 3/8 one, break it as well, and then continue moving downwards to reach the support at the 0/8 level at 1.2695.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator. As a result, the price may break 1.3183 and then continue falling towards 1.3061.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair is trading below the 0/8 level at 0.7812. If the price breaks this level, it may grow to reach the first target at the 3/8 one at 0.7995.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing and then break 0.7812. In this case, later the price may move upwards with the target at 0.7995.
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.