AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, after breaking 2/8, AUDUSD is moving below this level. In this case, the pair is expected to continue falling to reach the support at 1/8. However, this scenario may be canceled if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance 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, may continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, after rebounding from the resistance at 1/8, NZDUSD is expected to resume falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may continue growing towards 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 moving downwards.
