AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD quotes are above the 200-day Moving Average on H4, which indicates the prevalence of an uptrend. However, a divergence has formed on the RSI. As a result, a test of 4/8 (0.6591) is expected, followed by a rebound from this level and a decline to the support at 2/8 (0.6469). The scenario could be cancelled by rising above 4/8 (0.6591). In this case, the pair might continue rising and reach the resistance at 5/8 (0.6652).
On M15, the price decline could be additionally supported by a breakout of the lower boundary of the VoltyChannel.
NZD/USD, “New Zealand Dollar vs US Dollar”
On the NZDUSD chart, the situation is similar. The pair quotes are above the 200-day Moving Average, which reveals the prevalence of an uptrend, and a divergence has formed on the RSI chart. n this situation, a breakout of the 3/8 (0.6042) level is expected, followed by a decline to the support at 1/8 (0.5920). The scenario can be cancelled by rising above the 4/8 (0.6103) level. In this case, the pair might reach the resistance at 5/8 (0.6164).
On M15, a breakout of the lower boundary of the VoltyChannel could increase the probability of the price decline.
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.