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 break the 8/8 level and continue falling towards the 5/8 one. However, there is still a slight possibility that the price may test the 2/8 level first, rebound from it, and then resume moving downwards to reach the 5/8 one.
At the H1 chart, the pair is consolidating near the upside border of the range at the 5/8 level. The price may rebound from the border and resume falling towards the first target at the 3/8 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 the main target at 0.7598.
NZD USD, “New Zealand Dollar vs US Dollar”
At the H4 chart, the NZD/USD pair may test the 5/8 level, rebound from it, and then continue growing to reach the resistance at the 8/8 one.
At the H1 chart, the pair is trading near the resistance at the 8/8 level. The instrument is expected to be corrected to the downside towards the 6/8 level and then resume growing.
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.