The AUD/USD pair, also known as the Australian Dollar vs US Dollar, has recently broken above the 200-day Moving Average on the daily chart, suggesting a potential uptrend. The Relative Strength Index (RSI) is currently testing the support line, indicating a possible rebound in price from the 4/8 level to the resistance at 6/8. However, if the price breaks below the 3/8 level, around 0.6530, the scenario could be invalidated, leading to a retracement towards the support at 2/8.
On the 15-minute chart, a breakout above the upper boundary of the VoltyChannel could further support the price rise.
On the other hand, the NZD/USD pair, or the New Zealand Dollar vs US Dollar, is trading below the 200-day Moving Average on the daily chart, signaling a prevailing downtrend. The RSI is testing the resistance line, indicating a potential break below the 2/8 level and a decline towards the support at 0/8. However, if the price surpasses the 3/8 level, around 0.6042, the scenario could be reversed, leading to a possible rally towards the resistance at 5/8.
On the 15-minute chart, a breakout below the lower line of the VoltyChannel could increase the likelihood of a price decline.