USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to test the resistance at 3/8, rebound from it, and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 4/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards to reach the support at 1/8 from the H4 chart.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is moving below 8/8. In this case, the price is expected to continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing towards the resistance at +1/8.
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 its decline.
