AUDUSD quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has rebounded from the support level. In this situation, the price is expected to surpass the 5/8 (0.6622) level, subsequently reaching the resistance at 8/8 (0.6713). The scenario could be cancelled by a breakout of 4/8 (0.6591). In this case, the pair might decline to the support at 3/8 (0.6561).
On M15, the price rise could be confirmed by a breakout of the upper boundary of the VoltyChannel.
NZDUSD, “New Zealand Dollar vs US Dollar”
On M15, a breakout of the upper boundary of the VoltyChannel will increase the probability of further price growth.
A similar situation is observed on the NZDUSD chart. NZDUSD quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend, while the RSI has rebounded from the support line. In this situation, the quotes are expected to rise above the 7/8 (0.6195) level and maintain their upward trajectory to the resistance at 1/8 (0.6256). The scenario could be cancelled by a breakout of 6/8 (0.6164). In this case, the pair might decline to the support at 5/8 (0.6134).
Attention!
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.