AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD quotes and the RSI on H4 are in their respective oversold areas. In this situation, a rebound from -1/8 (0.6317) could be expected, followed by a rise to the resistance at 1/8 (0.6378). The scenario can be cancelled by a rebound from -1/8 (0.6317). In this case, the quotes might continue falling, probably reaching the support level of -2/8(0.6286).
On M15, the upper boundary of the VoltyChannel is too far away from the current price, which means the growth of the quotes could only be indicated by a rebound from -1/8 (0.6317) on H4.
NZD/USD, “New Zealand Dollar vs US Dollar”
NZD/USD quotes have broken the 200-day Moving Average on H4, reaching below it, which reveals the chance for a downtrend to develop. The RSI is nearing the oversold area. As a result, a test of 1/8 (0.5889) is expected, followed by a rebound from it and a rise to the resistance at 3/8 (0.5950). The scenario can be cancelled by a downward breakout of 1/8 (0.5889), in which case the quotes might drop to the support at 0/8 (0.5859).
On M15, the upper boundary of the VoltyChannel is too far away from the current price, which means the growth of the quotes could only be indicated by a rebound from 1/8 (0.5889) on H4.
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
Editors’ Picks
EUR/USD stuck around 1.0500 as investors await fresh catalysts
EUR/USD seesaws around the 1.0500 level, unable to find a clear directional path. EU PMI data came in better than expected but still indicate contraction in the Union. United States PMIs show a steeper contraction in the manufacturing sector yet upbeat services output in December.
Gold stuck around $2,650 ahead of fresh clues
Gold opens the week on a moderately positive tone and trades above $2,650, favored by a mild US Dollar (USD) reversal amid lower US Treasury yields. The precious metal, however, is still close to recent lows following a 2.5% sell-off late last week.
Crypto Today: MicroStrategy drives BTC to $107K as Fed cut hype sparks Ondo, Chainlink rallies
The global crypto market snapped out of a tepid start to the month after hotter-than-expected consumer inflation data sparked hopes of a third consecutive US Fed rate cut.
Five fundamentals for the week: Fed dominates the last full and busy trading week of the year Premium
Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
Five fundamentals for the week: Fed dominates the last full and busy trading week of the year Premium
Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.