In the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to continue falling to reach the support at 3/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the closest resistance at 6/8.
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 above 5/8 and that’s a good signal in favor of further growth. In this case, today the price is expected to break 6/8 and then continue trading upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue falling towards the closest support at 4/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.