Murrey Math Lines 10.07.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, the pair is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 one.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. Later, the price may test the 6/8 level, rebound from it, and then resume trading downwards to reach the 3/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is consolidating. In this case, the instrument may continue growing towards the 5/8 level.
In the H1 chart, the pair may break the 8/8 level and then continue trading to reach the support at the 5/8 one.
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.