Murrey Math Lines: AUD/USD, NZD/USD
|AUDUSD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair tried to break the 1/8 level at 0.7629, but failed. At the moment, the price is attempting to break this level once again. If it succeeds, the instrument may continue growing to reach the 3/8 one at 0.7751.
As we can see at the H1 chart, the pair has broken the 0/8 level and, as a result, may continue growing towards the first target at the 3/8 level at 0.7675 and the main one at 0.7751.
At 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”
At the H4 chart, the NZD/USD pair is expected to test the support at the 0/8 level at 0.6836, rebound from it, and then resume growing towards the 3/8 level at 0.7019.
As we can see at the H1 chart, the support at the 0/8 level (0.6835) is the same as the 0/8 level from the H4 chart. It means that the current scenario is quite similar: the pair is expected to test this level, rebound from it, and then resume growing towards the first target at the 3/8 level (0.6881) and the main one at 0.7019.
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