AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, the pair is trading inside the “overbought area”. In this case, the pair is expected to break 8/8 and then fall towards the support at 7/8. However, this scenario may no longer be valid if the price rebounds from 8/8 to the upside. After that, the instrument may resume growing to reach 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, continue trading downwards to reach 7/8 from the H4 chart.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is moving below 8/8. In this case, the pair may continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks 8/8. After that, the instrument may start a new rising impulse 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 moving downwards.
