AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair is trading inside the “overbought zone”. The price is expected to test the +1/8 level, rebound from it, and then resume falling towards the 7/8 one.
At the H1 chart, the pair may yet move upwards. However, it will be possible only if the price breaks the 6/8 level. In this case, the main target will be the resistance at the 8/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at the H4 chart, the NZD/USD pair has broken its consolidation channel and fixed above the 5/8 level. Later, the price is expected to continue growing towards the 7/8 one. Still, there is a possibility that the instrument may yet test the 5/8 level again.
At the H1 chart, the pair is trading near the “overbought zone”. If the price fails to break the resistance at the 8/8 level, the instrument may start a new decline with the target at the 5/8 one.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 0.7110.
RoboForex Analytical Department