AUD/USD, “Australian Dollar vs. US Dollar”

AUD/USD quotes are below the 200-day moving average on H4, indicating a prevailing downtrend. The RSI has broken the support line. In this situation, the price is expected to break the 2/8 (0.6408) level downward and fall to the support at 0/8 (0.6347). The scenario can be canceled by breaking the resistance level at 3/8 (0.6439), which could drive the price to 4/8 (0.6469).

On M15, the lower boundary of the Volley Channel is broken. This increases the probability of a further price decline.

NZD/USD, “New Zealand Dollar vs. US Dollar”

NZD/USD quotes are at the 200-day moving average on H4, which indicates the absence of any trend. The RSI is testing the resistance line. In this situation, the quotes are expected to test the 3/8 (0.5950) level, break it, and drop to the support at 1/8 (0.5889). The scenario can be canceled by breaking the resistance level at 4/8 (0.5950). In this case, the pair could rise to 6/8 (0.6042).

A breakout of the lower boundary of the VoltyChannel on M15 might also support the price decline.