AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving close to 3/8. In this case, the pair is expected to break this level again and then start a new correctional uptrend to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling to reach the support at 0/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is also expected to break 3/8 and continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8. In this case, the instrument may continue falling towards the support at 0/8.
In the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 5/8 from the H4 chart.
