AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 2/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is still moving upwards. In this case, the pair may break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price rebounds from 3/8. After that, the instrument may start a new decline towards the support at 2/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
