Murrey Math Lines 30.01.2018 (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 near the support at the 6/8 level. The price is expected to rebound from this level and then resume growing towards the 7/8 one.
At the H1 chart, the pair is consolidating. If later the price breaks the 5/8 level, the instrument may continue growing towards the 8/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
NZD USD, “New Zealand Dollar vs US Dollar”
At the H4 chart, the NZD/USD pair is trading inside the “overbought zone” close to the 8/8 level. If later the price breaks it, the instrument may resume falling towards the 7/8 one.
At the H1 chart, the pair may break the 3/8 level and then continue falling towards the 2/8 one.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
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.