Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has broken through the support level. A test of 3/8 (0.6225) should be expected, followed by a breakaway and falling to the support level of 2/8 (0.6103). The scenario can be cancelled by the price rising over the resistance level of 4/8 (0.6347). After this, the pair may rise to 5/8 (0.6469).
On M15, a breakaway of the lower border of VoltyChannel will increase the probability of a decline to 5/8 (0.6469) on H4.
Free Reports:
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotes are also under the 200-day Moving Average, indicating a downtrend, and on the RSI, the support level has been broken. A test of 2/8 (0.5615) is expected, followed by a breakaway and falling to the support level of 1/8 (0.5493). The scenario can be cancelled by coming over the resistance level of 3/8 (0.5737). This can provoke growth of the pair to 4/8 (0.5859).
On M15, the decline can be additionally supporter by a breakaway of the lower border of the VoltyChannel.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
By JustMarkets The Dow Jones (US30) decreased by 0.47% on Thursday. The S&P 500 Index…
By RoboForex Analytical Department EURUSD plunged to a six-month low of 1.0543 on Friday amid…
By ForexTime Nvidia: world’s largest company with US$3.6 trillion market cap Shares already soared 196.3% so…
By RoboForex Analytical Department On Thursday, the price of a troy ounce of Gold is…
By Bruce Huber, University of Notre Dame Fossil fuels are the leading driver of climate…
This website uses cookies.