AUDUSD, "Australian Dollar vs US Dollar"

As we can see at the H4 chart, the AUD/USD pair is trading inside the "overbought zone". The price is expected to break the 8/8 level and continue falling towards the 5/8 one. However, there is still a slight possibility that the price may test the +2/8 level first, rebound from it, and then resume moving downwards to reach the 5/8 one.

AUDUSD

At the H1 chart, the pair is consolidating near the upside border of the range at the 5/8 level. The price may rebound from the border and resume falling towards the first target at the 3/8 one.

AUDUSD

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach the main target at 0.7598.

AUDUSD

 

NZDUSD, "New Zealand Dollar vs US Dollar"

At the H4 chart, the NZD/USD pair may test the 5/8 level, rebound from it, and then continue growing to reach the resistance at the 8/8 one.

NZDUSD

At the H1 chart, the pair is trading near the resistance at the 8/8 level. The instrument is expected to be corrected to the downside towards the 6/8 level and then resume growing.

NZDUSD

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground. 

EUR/USD News

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.

USD/JPY News

Gold price oscillates in a range as the focus remains glued to the US PCE Price Index

Gold price oscillates in a range as the focus remains glued to the US PCE Price Index

Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase. 

Read more

Majors

Cryptocurrencies

Signatures