AUDUSD, "Australian Dollar vs US Dollar"
On H4, the quotes are under the 200-day Moving Average, which means the prevalence of the downtrend. A test of 4/8 is expected, followed by a breakaway and falling to the support level of 5/8. The scenario can be cancelled by breaking through 5/8, which might lead to a trend reversal and growth to 6/8
On M15, a breakaway of the VoltyChannel lower border will additionally support the decline.
NZDUSD, "New Zealand Dollar vs US Dollar"
On H4, the quotes are under the 200-day Moving Average, which means the prevalence of a downtrend. A downward breakaway of 4/8 is expected, followed by falling to the support level of 3/8. The scenario can be cancelled by rising over the resistance level of 5/8, in which case growth might continue to 6/8.
On M15, a breakaway of the VoltyChannel lower border will increase the probability of falling to 3/8 on H4.
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.