AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving close to the “oversold area”. In this case, the pair is expected to break 0/8 and then continue falling towards the next support at -1/8. However, this scenario may no longer be valid if the price breaks 1/8 upwards. After that, the instrument may continue growing to reach the resistance at 2/8.
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 still consolidating. According to the main scenario, the pair is expected to break 4/8 and then continue falling to reach the support 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, continue moving downwards.
