AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has tested the 3/8 level, rebounded from it, and may resume falling towards the support at the 0/8 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 downside line of the VoltyChannel indicator and again, as a result, continue moving downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD has broken the 5/8 level and fixed below it. In this case, the pair is expected to continue growing towards the resistance at the 6/8 one.
However, in the H1 chart the situation is a bit different. The pair may break the 2/8 level and then continue falling to reach the support at the 0/8 one.
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.