EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD pair is consolidating between the 5/8 and 3/8 levels. The price is expected to break this range to the downside and continue falling towards at the 0/8 level at 1.1718.
As we can see at the H1 chart, the pair is rebounding from the 3/8 at 1.1932 and, as a result, may continue moving downwards to reach the 0/8 one at 1.1840 or even the main target at 1.1718.
At the M15 chart, the price has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 1.1718.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, there are two possible scenarios. According to the first one, the AUD/USD pair is expected to rebound from the 3/8 level at 0.7995 and fall towards the support at the 0/8 one at 0.7812. The second one implies that the price may break the 3/8 level and then continue growing towards the 5/8 level at 0.8117.
At the M15 chart, the price is expected to reach 0.7995. If the pair breaks the downside line of the VoltyChannel indicator, the above-mentioned scenario may complete. However, if the instrument breaks 0.7995 and fixes above it, the price may continue growing to reach 0.8117.
RoboForex Analytical Department