AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still moving at 3/8. In this case, the pair may break this level and then continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price rebounds from 3/8. After that, the instrument may resume falling to reach the support at 1/8. For better analysis, let's take a look at a shorter timeframe, M15.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator again and, as a result, trade downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD has rebounded from the support at 0/8. In this case, the pair is expected to grow to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 0/8. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 3/8 from the H4 chart.
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.