Murrey Math Lines 26.12.2017 (AUD/USD, NZD/USD)

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair is trading inside the “overbought zone”. The price is expected to break the 8/8 level and continue falling towards the 5/8 one. However, there is still a slight possibility that the price may test the +2/8 level first, rebound from it, and then resume moving downwards to reach the 5/8 one.

At the H1 chart, the pair is consolidating near the upside border of the range at the 5/8 level. The price may rebound from the border and resume falling towards the first target at the 3/8 one.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach the main target at 0.7598.

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, the NZD/USD pair may test the 5/8 level, rebound from it, and then continue growing to reach the resistance at the 8/8 one.

At the H1 chart, the pair is trading near the resistance at the 8/8 level. The instrument is expected to be corrected to the downside towards the 6/8 level and then resume growing.

RoboForex Analytical Department