XAU/USD
The H4-chart of XAU/USD shows the pair is at its resistance level 5/8 (1265.63). If price rebounds from this level, gold can move lower towards 4/8 (1250.00) and 3/8 (1234.38) levels. If the 5/8 level is broken through, this will lead to a rise towards 8/8 level (1312.50).
The price is moving inside a buying area above the 8/8 level, and this suggests a possible reversal and further move down. In case the +2/8 level is broken, the Murray analysis will be redrawn and suggest a further rise towards 1312.50.
If the lower line of VoltyChannel indicator on M15-chart is broken, price can go lower towards 1250.00 and 1234.38 levels.
NZD/USD
The NZD/USD pair has reached a resistance level 8/8 (07568) on the H4-chart. If price rebounds from this level, it can go lower towards 5/8 (0.7385).
The H1-chart shows price has entered into a channel bounded by 3/8 and 5/8 levels. If it rebounds from the 4/8 level (0.7568), we may see a breakout of the lower edge 3/8 of the channel and further downward move towards 0.7385.
A breakout of the lower line of VoltyChannel indicator on the M15-chart can trigger a descending move towards 0.7385.
