AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the pair is trading inside the “overbought area”. In this case, the pair is expected to break +1/8 and then resume falling towards the support at 6/8. However, this scenario may no longer be valid if the price breaks +2/8 to the upside. After that, the line at the chart will be redrawn, thus indicating new upside targets.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is also moving inside the “overbought area”. In this case, the pair may break +1/8 and then continue falling to reach the support at 8/8. However, this scenario may no longer be valid if the price breaks +2/8. After that, the line at the chart will be redrawn, thus indicating new upside targets.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may resume moving downwards.
