USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and grow to reach the 2/8 one.
In the H1 chart, the price may possibly move downwards to reach the support at the 0/8 level in case it breaks the 2/8 one
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to fall towards the support at the 4/8 level.
As we can see in the H1 chart, the pair has rebounded from the 3/8 level and may resume trading downwards to reach the support at the 0/8 one.
