AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 7/8 one.
However, in the H1 chart the pair is trading downwards. In this case, the price may continue falling towards the support at the 0/8 level. The instrument is not expected to resume growing as long as it is moving below the 3/8 level.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 7/8 one.
As we can see in the H1 chart, the situation is similar, but the support is at the 0/8 level. In the future, the price is expected to rebound from this level and grow to reach the resistance at the 3/8 one. In case this level is broken as well, the next target will be at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.