Murrey Math Lines 03.04.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD may rebound from the 2/8 level and then continue falling towards the support at the 0/8 one.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks from the 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD may break the 6/8 level and then continue falling towards the support at the 5/8 one.
As we can see in the H1 chart, the pair may break the 5/8 level and then grow to reach the resistance at the 7/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
RoboForex Analytical Department
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.