The AUD/USD pair, also known as the Australian Dollar vs US Dollar, is currently trading above the 200-day Moving Average on the D1 chart, indicating an uptrend. The RSI has bounced back from the support line, suggesting that the price may soon surpass the 5/8 level and reach the resistance at 6/8. However, a breakout below the 4/8 level could signal a trend reversal and a potential decline to the 3/8 support level.
Similarly, the NZD/USD pair, or the New Zealand Dollar vs US Dollar, is also above the 200-day Moving Average on the D1 chart, pointing to an uptrend. The RSI is currently testing the support line, with the price expected to test the 5/8 level and potentially rise to the resistance at 6/8. A breakout below the 4/8 level could lead to a trend reversal and a drop to the 3/8 support level.
On the M15 chart for both pairs, a breakout above the upper line of the VoltyChannel could provide additional confirmation of a potential price increase. Keeping an eye on these technical indicators can help traders make informed decisions when trading the AUD/USD and NZD/USD pairs.