AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has rebounded from the resistance at the 3/8 level and may resume falling towards the support at the 0/8 one.
In the H1 chart, the pair may break the 5/8 level and continue its decline to reach the support at the 0/8 one.
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 trading inside the “overbought zone” and may fall towards the 7/8 level.
In the H1 chart, the scenario may be a bit different. The pair may break the 6/8 level and continue its growth to reach the resistance at the 8/8 one. However, as long as the instrument is trading below the 6/8 level, the price may yet resume falling towards the support at the 3/8 one.
