NZD USD, “New Zealand Dollar vs US Dollar”
At the H4 chart, the NZD/USD pair is expected to test the support at the 0/8 level at 0.6835, rebound from it, and then resume growing towards the 3/8 one at 0.7019.
The levels at the H4 and H1 charts are completely the same, so the H4 scenario is confirmed.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7019 without testing 0.6835.
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair is still expected to resume falling towards the 5/8 level at 1.2329.
At the H1 chart, the pair is trading inside the “overbought zone” and may fall towards 1.2329. If the price breaks the 1/8 level at 1.2756, it may continue moving downwards.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.2329.
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.