AUDUSD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair tried to break the 1/8 level at 0.7629, but failed. At the moment, the price is attempting to break this level once again. If it succeeds, the instrument may continue growing to reach the 3/8 one at 0.7751.
As we can see at the H1 chart, the pair has broken the 0/8 level and, as a result, may continue growing towards the first target at the 3/8 level at 0.7675 and the main one at 0.7751.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
At the H4 chart, the NZD/USD pair is expected to test the support at the 0/8 level at 0.6836, rebound from it, and then resume growing towards the 3/8 level at 0.7019.
As we can see at the H1 chart, the support at the 0/8 level (0.6835) is the same as the 0/8 level from the H4 chart. It means that the current scenario is quite similar: the pair is expected to test this level, rebound from it, and then resume growing towards the first target at the 3/8 level (0.6881) and the main one at 0.7019.
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.