AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving below the 200-day Moving Average, thus indicating a descending tendency. In this case, the pair is expected to break 3/8 and continue falling to reach the support at 2/8. However, this scenario may be canceled if the price breaks 4/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
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 trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is also moving below the 200-day Moving Average In this case, the price is expected to continue trading downwards to reach the closest support at 3/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
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.
