Murrey Math Lines 13.08.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving below 3/8. In this case, the pair may test this level, rebound from it, and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue growing towards the resistance at 5/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach the resistance at 5/8 from the H4 chart.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is also moving below 3/8. In this case, the pair is expected to continue falling to reach the support at 0/8. However, this scenario may be canceled if the price breaks 2/8. After that, the instrument may continue growing towards the resistance at 5/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may resume moving upwards.
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.