Murrey Math Lines 18.12.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD may break the 6/8 level and then continue growing towards the resistance at the 7/8 one.
As we can see in the H1 chart, the pair is consolidating. In this case, the price may break the 4/8 level and then continue growing towards the resistance at the 6/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is trading inside the “overbought zone”. In this case, the price may break the 8/8 level and continue falling towards the support at the 7/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.
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.