AUD/NZD – quotations on the H4 chart show that the price has been moving in a downward trend for a long time, respecting the edges of the channel. The price has been fluctuating close to the upper edge and the resistance zone for several days. The current zone is therefore a potential place to initiate bearish impulse. Breaking the correction line can be treated as a signal that pair returns to the main trend.
EUR/NZD – H4 chart indicates an open space for a price drop to the area of the last low. The trend of the last days is bearish and on the way to 1.6750 there are no obstacles. It seems, therefore, that the slow southward movement may be continued in the near future.
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