Article By RoboForex.com
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 3/8 level (0.7507), rebound from it, and then resume growing to reach the upside border of the range at the 5/8 one (0.7629).
As we can see at the H1 chart, the pair is trading below the support at the 0/8 level, inside the “oversold zone”, which means that it may move upwards. In this case, the instrument may resume growing after breaking the -1/8 level (0.7537) or rebounding from the -2/8 one (0.7507).
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7629.
NZD USD, “New Zealand Dollar vs US Dollar”
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At the H4 chart, the NZD/USD pair is trading below the 0/8 level (0.6835), inside the “oversold zone”. If the price breaks this level, it may resume growing towards the 3/8 one (0.7019).
As we can see at the H1 chart, the pair is also moving inside the “oversold zone”. If the price breaks the -1/8 level (0.6805), it may resume growing.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7019.
RoboForex Analytical Department
Article By RoboForex.com
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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.
