AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI is testing the support line. The price is likely to rise above 2/8 (0.7080) and then grow to the resistance level of 3/8 (0.7202). The scenario can be cancelled by a downward breakaway of the support level of 1/8 (0.6958). In this case, the pair may drop to the support level of 0/8 (0.6835).
On M15, an additional signal for further growth might be a breakaway of the upper border of VoltyChannel.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotes are also above the 200-day Moving Average, which signifies an uptrend. The RSI is nearing the support line. As a result, the pair should rise above 6/8 (0.6469) and reach the resistance level of 7/8 (0.6530). The scenario can be cancelled by a downward breakaway of the support level of 5/8 (0.6408). In this case, the pair may drop to 4/8 (0.6347).
On M15, the upper line of VoltyChannel is too far from the current price, so the growth can only be signaled about by a breakaway of 6/8 (0.6469) 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.