AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving inside the “oversold area”. In this case, the pair may break 0/8 and then continue growing towards the resistance at 2/8. As long as the price is trading below this level, the descending tendency may continue to reach the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, complete the current downtrend.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is consolidating between 3/8 and 5/8. In this case, the pair is expected to rebound from 3/8 and resume growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue falling towards the support at 1/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
