Murrey Math Lines 05.06.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the pair has broken the 5/8 level and may continue growing to reach the 6/8 one.
In the H1 chart, the price may break the 6/8 level and then continue growing to reach the resistance at the 8/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD has broken the 3/8 level and right now is consolidating. In this case, the price is expected to continue growing towards the 4/8 level.
In the H1 chart, the pair may break the 8/8 level and resume falling towards the support at the 5/8 level.
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.