AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has rebounded from the support at 0/8. In this case, the pair is expected to resume growing towards the resistance at 2/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling to reach the support at -1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is trying to fix above 0/8. According to the main scenario, the pair is expected to continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks -1/8. In this case, the instrument may continue falling towards the support at -2/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 2/8 from the H4 chart.
