Murrey Math Lines: AUD/USD, NZD/USD
|AUDUSD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 3/8 level (0.7507), rebound from it, and then resume growing to reach the upside border of the range at the 5/8 one (0.7629).
As we can see at the H1 chart, the pair is trading below the support at the 0/8 level, inside the “oversold zone”, which means that it may move upwards. In this case, the instrument may resume growing after breaking the -1/8 level (0.7537) or rebounding from the -2/8 one (0.7507).
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7629.
NZDUSD, “New Zealand Dollar vs US Dollar”
At the H4 chart, the NZD/USD pair is trading below the 0/8 level (0.6835), inside the “oversold zone”. If the price breaks this level, it may resume growing towards the 3/8 one (0.7019).
As we can see at the H1 chart, the pair is also moving inside the “oversold zone”. If the price breaks the -1/8 level (0.6805), it may resume growing.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 0.7019.
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