AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 3/8 level, rebound from it, and then resume growing to reach the 5/8 one.
In the H1 chart, the price may break the 6/8 level and then continue falling to reach the support at the 5/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to break the 2/8 level and then continue growing towards the resistance at the 3/8 one.
In the H1 chart, the pair may break the 7/8 level and continue growing towards the “overbought zone”. In this case, the targets will be the 8/8 and 1/8 levels.
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.