AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is inside the “oversold zone”. In this case, the pair is expected to break the 0/8 level and continue growing towards the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD may break the 3/8 and then continue growing towards the resistance at the 5/8 one.
In the H1 chart, the instrument is consolidating. In this case, the price may break the 5/8 level and continue trading upwards to reach the resistance at the 8/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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.