Murrey Math Lines 11.06.2019 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has rebounded from the resistance at 3/8 and may continue falling towards the support at 1/8. To confirm this scenario, the price must break 2/8. However, this scenario may be no longer valid if the pair breaks 2/8 upwards. In this case, the instrument may continue growing to reach resistance at 4/8.

In the H1 chart, the pair is consolidating between 3/8 and 5/8, thus offering two possible scenarios. If the price breaks this range upwards at 5/8, the instrument may resume growing to reach the resistance at 8/8; if downwards at 3/8 – continue falling to reach the support at 0/8.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD has reached its predicted targets; right now, it is being corrected. Possibly, the pair may test 3/8, rebound from it, and then resume growing to reach the resistance at 8/8. To confirm this scenario, the price must break 5/8. However, this scenario may no longer be valid if the breaks 3/8 downwards. In this case, the instrument may continue falling to reach 0/8.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.