XAU USD, “Gold vs US Dollar”
At the H4 chart, the instrument is forming a new ascending channel and has already reached the support level and formed Hammer and Inverted Hammer patterns there. Taking into account that the price rebounded from the channel’s borders earlier, we may assume once again that the current reversal patterns will make the instrument rebound from the support level and, as a result, resume moving upwards with the target at the channel’s upside border.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, the NZD/USD is still falling inside the descending channel and forming reversal patterns to define its borders. After breaking the support level and forming Inverted Hammer pattern, the price may start a slight correction towards the above-mentioned level and then continue falling to reach new lows.
RoboForex Analytical Department