AUD/USD, “Australian Dollar vs.
The price of the AUD/USD is above its 200-day moving average on the H4 chart, suggesting an impending upward trend. The RSI has breached the trend line. In this situation, the price is expected to rise above 4/8 (0.6591) and later reach the resistance at 6/8 (0.6713). The scenario could be canceled by a downward break of 3/8 (0.6530), which could lead to a trend reversal and the pair could fall to the support at 2/8 (0.6469).
NZD/USD, “New Zealand Dollar vs.
The price of the NZD/USD has formed a similar picture on the H4 chart: the price is above the 200-day moving average and the RSI has breached the resistance line. In this situation, the price is expected to rise above 4/8 (0.6164) and later reach the resistance at 7/8 (0.6286). The scenario could be canceled by a downward break of 4/8 (0.6103). In this case, the pair could fall to the support at 3/8 (0.6042).
