AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is consolidating at 5/8. In this case, the pair is expected to continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 4/8. After that, the instrument may continue falling to reach the support at 3/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 8/8 from the H4 chart.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD has rebounded from 7/8. In this case, the pair may grow to reach the resistance at 1/8. However, this scenario will no longer be valid if the price breaks 7/8. After that, the instrument may continue falling towards the support at 6/8.
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.