Murrey Math Lines 12.12.2017 (AUD/USD, NZD/USD)
AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair is consolidating and expected to grow towards the 4/8 level (0.7568).
At the H1 chart, the pair may break the 3/8 level (0.7537) and continue its growth towards the 4/8 one (0.7568).
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7568.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at the H4 chart, the NZD/USD pair is trading close to the 3/8 level (0.6927). If the price fixes above this level, the instrument may continue growing to reach the 5/8 one (0.6988).
At the H1 chart, the pair may test the 5/8 level (0.6912), rebound from it, and then continue growing to reach the first target at the 8/8 one (0.6958).
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving to the upside and reach 0.6988.
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.