In the H4 chart, AUDUSD has broken the 200-day Moving Average and 5/8. In this case, the price is expected to continue falling to reach the closest support at 4/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may reverse and grow towards the 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 the 200-day Moving Average, thus indicating an ascending tendency. downwards. In this case, the price is expected to break 6/8 and then continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. In this case, the instrument may continue falling to reach the support at 4/8.
In the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, continue growing.
