Murrey Math Lines 08.05.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If later the pair breaks the 5/8 level, the instrument may resume growing to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
RoboForex Analytical Department
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