AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair is trading between the 6/8 and 7/8 levels. In this situation, there are two possible scenarios. The first scenario implies that the price may break the 6/8 level and continue falling towards the 5/8 one. According to the second scenario, the instrument may rebound from the 6/8 level and then grow towards the resistance at the 8/8 one.
At the H1 chart, the pair is trading near the 5/8 level and may continue growing towards the resistance at the 8/8 one, but it will be possible only if the price breaks the 6/8 level. However, according to the main scenario right now the instrument is expected to rebound from the 5/8 level and fall towards the 2/8 one.
NZD USD, “New Zealand Dollar vs US Dollar”
At the H4 chart, the NZD/USD pair is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the 6/8 one.
At the H1 chart, the pair may also test the resistance at the 8/8 level, rebound from it, and then resume falling towards the first target at the 5/8 level and the main target at the 4/8 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 0.7202.
RoboForex Analytical Department