USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is moving inside the “oversold area”. In this case, the price is expected to break 0/8 and continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks -1/8 to the downside. After that, the instrument may continue falling 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, may continue trading upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD has rebounded from 3/8. In this case, the price may resume trading downwards to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 3/8.
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 the descending tendency.
