Murrey Math Lines 29.05.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 3/8 level, rebound from it, and then resume growing to reach the 5/8 one.
In the H1 chart, the price may break the 6/8 level and then continue falling to reach the support at the 5/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to break the 2/8 level and then continue growing towards the resistance at the 3/8 one.
In the H1 chart, the pair may break the 7/8 level and continue growing towards the “overbought zone”. In this case, the targets will be the 8/8 and +1/8 levels.
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