In the H4 chart, AUDUSD is still trading inside the “overbought area”. By now, the pair has already broken 1/8 and may continue falling to reach the support at 8/8. However, this scenario may be canceled if the price breaks 1/8 to the upside. After that, the instrument may continue growing towards the resistance at 2/8.
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”
In the H4 chart, after rebounding from 8/8, NZDUSD is expected to resume trading downwards to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing towards the resistance at 1/8.
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 moving downwards to reach 5/8 from the H4 chart.
