AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD may break the 3/8 level and then continue falling towards the support at the 2/8 one.
In the H1 chart, the price may test the 5/8 level, break it, and then continue growing to reach the resistance at the 8/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to break the 1/8 level and then continue falling towards the support at the 0/8 one.
In the H1 chart, the pair may test the resistance at the 3/8 level, rebound from it, and then resume trading to the downside to reach the support at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving 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.