AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving below 3/8. In this case, the pair is expected to break 2/8 and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is moving inside the “oversold area”. In this case, the pair is expected to break 0/8 and then continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks -2/8. After that, the lines in the chart will be redrawn, thus indicating new downside targets.
In the M15 chart, the pair may break 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.