AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving above 1/8. In this case, the pair is expected to continue growing to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.
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”
As we can see in the H4 chart, NZDUSD is no longer moving inside the “oversold area” after breaking 0/8. In this case, 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 0/8. After that, the instrument may continue falling towards 1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
