XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the ascending tendency continues. XAUUSD has formed Shooting Star reversal pattern close to the horizontal resistance level. Right now, the pair is trying to reverse. If the pair rebounds, it may move towards 1490.00. At the same time, we shouldn’t exclude a possibility that the instrument may continue growing to reach 1545.00 test the ascending channel’s upside border.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has tested the horizontal support level and formed Doji pattern while trading downwards. Right now, the pair is reversing. After that, the pair may complete the correction and resume growing to reach 0.6361. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may continue falling towards 0.6257.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.