Murrey Math Lines 23.01.2018 (AUD/USD, NZD/USD)

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks the +1/8 level, the instrument may fall towards the 8/8 one.

At the H1 chart, there are two possible scenarios when the price tests the 5/8 level. The first scenario implies that the price may rebound from this level and continue growing towards the resistance at the 8/8 one. According to the second scenario, the instrument may break it and then fall to reach the support at the 0/8 one.

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, the NZD/USD pair is trading inside the “overbought zone”. If the price breaks the 8/8 level, it may resume falling towards the 6/8 one.

At the H1 chart, the pair is also trading inside the “overbought zone”. If the price breaks the 8/8 level, the instrument may falling towards the 5/8 one.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

RoboForex Analytical Department